Data Management Flashcards

1
Q

What are the principles of GDPR?

A

LADPASS
*Lawfulness (Fairness and Transparency)- keep client fully informed
*Accuracy- keep info up to date. Erase inaccurate data
*Data minimisation- only collect the data you need
*Purpose- inform client about purpose for collecting/storing data
*Accountability- record and prove compliance
*Storage- only retain data for the necessary amount of time
*Security (integrity and confidentiality)- keep it locked away aka password protected

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2
Q

How do you comply with GDPR in your role?

A

*Retain necessary data only
*Keep individual informed on storage and use
*Hold data securely
*Accuracy- keep info. up to date and only hold data required

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3
Q

How do you ensure data is kept securely?

A

Securely store the data in a password protected file/lockable storage for physical files
Lock computer when away from my desk
Obtain clients written permission to process information not available in the public domain
Attend yearly cyber security courses and regularly updating my password

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4
Q

What do the Privacy and Electronic Communications Regulations 2003 apply to?

A

Electronic communication.

Makes it unlawful to transmit automated recorded messages for direct marketing purposes via telephone without prior consent from the subscriber

Unlawful to send direct marketing to subscribers without their prior consent. Therefore marketers can’t just add consumers details to their database and offer an opt out after they’ve started sending marketing

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5
Q

What is copyright?

A

A set of exclusive rights granted to the author/creator of any original work, including the right to copy the work. The rights can be licensed/assigned/transferred

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6
Q

What is the Freedom of Information Act (2000)?

A

The act gives individuals the right to access information held by public bodies.
Public bodies must supply this information within 20 working days if they have it

Exemptions: if it can hinder a criminal matter under investigation

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7
Q

Tell me about retention of files and the Limitations Act (1980)?

A

Section 5 of Limitations Act states that the minimum time any information should stored is for 6 years after the business has expired so it can be referred back to if any disagreements arise

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8
Q

What is a primary data source?

A

Data collected directly from the source without going through any other source.

Pros
*Specific
*Accurate
*Date (up to)

Cons
*Expensive
*Time consuming
*Feasible (not)

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9
Q

What is a secondary data source?

A

Data that has been collected by someone else in the past but has been made available for use now (3rd party primary data)

Pros
*Easily accessible
*Affordable
*Not time consuming to collect

Cons
*May not be authentic or reliable
*Might have to deal with irrelevant data
*Might be outdated

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10
Q

What is the difference between a deed and a registered title?

A

A deed: signed tangible document that confirms transfer of ownership from one party to another.

Registered title: claims to several rights relating to a property including the rights to own, control and use it. The title incorporates all prior transfers and usage of the property and land

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11
Q

How do you source title information?

A

Official copy of a register and/or title plan by:
*Filling in an OC1 form and posting it to HMLR
Online using HMLR website.

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12
Q

What is the difference between paper (manual) records and electronic records?

A

Paper records: take up more space
accessed quite easy
destroyed without leaving trace

Electronic records: stored online
harder to destroy
ability to be hacked
can easily be tampered with

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13
Q

What is encryption?

A

The process of protecting information or data by using mathematical models to scatter the data in a way that only people who have the key to unscramble it can access the data

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14
Q

What is a firewall?

A

A network security device that filters and monitors incoming and outgoing network traffic based on an organisations previously established security policies

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15
Q

How do you protect data from viruses?

A

Keep software up to date
Firewalls
Antivirus software
Choosing a strong password

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16
Q

Explain the growing use of AVMs in the industry

A

Automated Valuation Models are software based pricing models used to value properties.
E.g:
Hedonic Pricing Models
Machine Learning Models
Comparative Market Analysis Models

Advantages: speed, cost and eliminates human error

17
Q

What is ISO 9001 and its requirements?

A

An internationally recognised quality management system

18
Q

What is the maximum UK GDPR fine?

A

£17.5 million or 4% of the total annual worldwide turnover in the preceding financial year, whichever is higher

19
Q

Who enforces data protection?

A

ICO- International Commissioners Office

20
Q

Why must data be kept for 12 years?

A

PII requirement that all contracts under deed are kept for a minimum of 12 years and contracts under hand for 6 years.

Limitation act- claims can be brought about up to 15 years after the act of negligence

21
Q

Are electronic signatures accepted by land registry?

A

Yes. Provided each party signs the document in the presence of a physical witness. The witness must also sign the document. Then it gets emailed to the conveyencor