Book-Notes Section 17 Flashcards
🧑💻 What is Software Compliance?
Software compliance means using software legally and correctly, according to the license agreement (the rules set by the software maker).
⚠️ What are Software Licensing Risks?
They are the problems or penalties you can face if you don’t follow the rules of software licenses.
🧠 Think of it like:
You bought a movie for personal use. If you play it in a theater to sell tickets, you’re breaking the license.
Same goes for software — using it the wrong way can lead to legal trouble or financial penalties.
⚠️ What are KRIs?
KRI stands for:
Key Risk Indicator
A KRI is a warning sign — a metric or measurement that shows when a risk is growing or getting close to becoming a problem.
🧠 Think of it like:
A check engine light in your car. It doesn’t mean something’s broken yet, but it warns you that something could go wrong soon.
🔐 What is a Privacy Notice?
A privacy notice is a public statement that explains:
“🗣️ Here’s what we do with your personal information.”
It tells users or customers:
✅ What data is collected
✅ Why it’s collected
✅ How it’s used
✅ Who it’s shared with
✅ How long it’s kept
✅ What rights the user has
🧠 Think of it like:
A company’s promise (and legal obligation) to be honest and transparent about how it handles your personal data.
🧾 Where do you see privacy notices?
On websites (“Privacy Policy” link at the bottom)
In mobile apps
On forms where personal data is collected (e.g., sign-up pages)
During account creation or checkout processes
📘 Example (simplified):
“We collect your name and email to send you updates. We don’t share your info with third parties. You can unsubscribe at any time.”
📜 Privacy Notice vs. Privacy Statement
➡️ They are very similar, and often used interchangeably, but there’s a slight difference in focus and usage:
🔍 Privacy Notice
A detailed explanation to individuals about how their personal data is collected, used, stored, and shared.
🧠 Think of it as:
“Here’s what we do with your data.”
✅ Key Traits:
Written for users/customers
Usually required by privacy laws like GDPR, CCPA
Includes:
What data is collected
Legal basis for processing
Who it’s shared with
How long it’s stored
User rights and how to exercise them
📍 Commonly found at:
Privacy Notice, Privacy Policy, or Your Privacy Rights links on websites
🧾 Privacy Statement
A broader, high-level declaration of the organization’s privacy principles or commitment.
🧠 Think of it as:
“We care about your privacy and follow privacy laws.”
✅ Key Traits:
More general and less detailed
May be part of a corporate values page or code of ethics
Describes the organization’s privacy philosophy
Often used in marketing, public communications, or investor relations
🧠 Simple Analogy:
Term Think of it like…
Privacy Notice 📋 A contract — exact details of what happens to your data
Privacy Statement 📢 A promise — a public pledge to protect your data
