What is Data Privacy?

Data privacy is the principle that allows an individual to have control over their personal data, including the ability to decide how organisations collect, store, and use such information.

Data privacy is not only crucial to prevent unauthorised access and misuse of information, but also strengthens the trust between consumers and businesses in an increasingly interconnected environment.

Why is it Important?

In an increasingly digitalised world, protecting personal data has become crucial to ensure the security and privacy of individuals. Data privacy ensures that our data is secure and used only for authorised purposes, providing peace of mind in the digital world.

How can Companies Protect their Data?

At the business level, data protection and privacy now number among the main objectives. Companies are putting all their efforts into ensuring this protection, as well as ensuring compliance with the GDPR.

This compliance is achieved by the implementation of policies that establish procedures for data protection. Additionally, technical measures are increasingly aimed at ensuring information privacy.

The most common technical measures applied by companies include the use of multi-factor authentication to manage access, systems that prevent and detect intrusions, and data encryption to ensure their immutability.

In addition to that, these measures need to be evaluated and audited periodically, and continuous training of personnel in privacy matters is necessary. This will allow us to ensure GDPR compliance, thereby reinforcing our customers’ trust.

What are the Challenges of the Future?

The main challenge for FI Group in 2025 regarding data privacy is the use and management of AI. It is crucial to adopt measures that allow us to ensure the responsible development and use of AI, thereby guaranteeing that the rights of the individuals concerned are respected. On the occasion of Data Protection Day (January 28), we therefore take the opportunity to remind you that at FI Group, we are committed to developing and using innovative practices that help us drive progress.

These measures need to ensure the security and privacy of our data, which is why it is everyone’s job to follow these good data protection practices.

How Does FI Group Protect Its Data?

FI Group recognizes the importance of safeguarding data, both our own and that of our customers. Therefore, we implement security measures designed to ensure the confidentiality and integrity of this data.

We rely on four key strategies to establish these measures:

• Privacy by Design: We ensure that data privacy is integrated from the initial design phase of any process.
• Advanced Security Measures: We utilize advanced cryptographic techniques and the latest technologies to protect our systems and processes from threats.
• Awareness: We provide resources and training to help our employees understand their rights and responsibilities regarding data protection.
• Compliance: FI Group adheres to global policies and local data protection regulations, ensuring a consistent level of protection.