Question

As UMP will be collecting information (personal and financial) from its clients, outline the privacy laws and cybersecurity measures that the company will need to consider to assure the customer that their information is safe and secure.

Note: UMP is a milk producer

Answer 1

UMP –A milk producer:

We have a code of ethics in relation to customer data management and follow the same across the organization and our employees and partners are bound by it. The privacy laws and cybersecurity measures that we ensure for the safe and secure keeping of our customer’s personal and financial information is as follows:

1. We have an end to end integrated security system to protect your personal and financial records. We achieve this by:

• All our IT systems have up-to-date antivirus and firewalls
• Our staff is educated and trained to lock data when not in use
• All data is encrypted and stored
• The password access to stored data is only with 3 relevant team members
• The possibility of data transfer or theft has been secured by eliminating removable Media and reducing data transfers to minimal.
• All our systems use VPN virtual private network only
• The data backup is done regularly and is secured
• The employees managing critical data are monitored on CCTV’s and their system is continuously monitored for incoming and outgoing messages.

2.Privacy policy:

• We follow all laws and regulations required to safely store data collected from our customers.
• Our privacy policy is uploaded and needs to be agreed by our consumer, pls select “I agree” after reading the policy.
• We respect the confidentiality of your data and secure it with our many cybersecurity measures to ensure its safety.
• This information is not shared without prior consent
• This information is available only to our key team members and some of our key partners who require it to serve you.
• The privacy laws of the country are adhered to and ensure safekeeping of your data.