ICAEW SE · Chapter 10 · Question 8 of 10
What is the main purpose of data protection legislation such as the UK GDPR and the Data Protection Act 2018?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) To protect individuals' rights over their personal data and to set rules for how organisations process it
Explanation
Data protection legislation gives individuals rights over their personal data and requires organisations to process it lawfully, fairly and transparently, keep it secure and use it only for legitimate purposes. Commercially sensitive information such as trade secrets is protected through other means, including contracts and confidentiality obligations.
More Data ethics and the impact of technology MCQs
- Q10Which of the following is an ethical issue arising from the development and use of new technology in finance functions?
- Q1Which of the following is a principle commonly included in frameworks for the ethical use of data?
- Q2A company collects customers' dates of birth, home addresses and employment details when it only needs an email address to send a…
- Q3A company collected customers' personal data to process deliveries. It now wants to use the same data, without telling customers, to build…
- Q4A bank trains an algorithm to assess loan applications using historical lending decisions, which had disadvantaged applicants from certain…
