As legal data protection obligations and information security risks increase, the need arises for a clear, formal, standard model of personal data components. This IAPP article argues one solution would be to give data its own bill of materials (DBOM), in the same way as software or any other physical product. The article outlines that the DBOM could include records of ownership, sharing history, storage and the reason the data was collected. The aim of the DBOM is to maintain the integrity of personal data and ensure confidentiality throughout the personal data lifecycle while providing transparency about the collecting, usage, storing, sharing and destruction. The article claims this will improve data security, privacy and user confidence in data systems, making compliance with data laws simpler and more effective.
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