Countries around the world have realized the need to protect their citizens' data and privacy. Businesses and websites that collect and/or process customer information are required to publish and abide by a Privacy Policy agreement.
A majority of countries have already enacted laws to protect their users' data security and privacy. These laws require businesses to obtain explicit consent from users whose data they will store or process.
Companies whose business models revolve around handling sensitive customer information find it incredibly important to establish trust with their users. A clear and comprehensive Privacy Policy agreement that tells users exactly what information the company collects and what it does with that information inspires confidence in a business
It gives users a sense of security knowing how much control they have over their personal data under the conditions they sign up for. Your Privacy Policy agreement should inform your users about how your website or app handles their personal information. Your users must be also be informed about the reason for the collection of information, as well as how long their data will be stored on your servers.