Data Minimization Report: Balancing Business Needs with Consumer Expectations

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Today millions of U.S. consumers regularly provide their personally identifiable information (PII) to organizations such as retailers, financial institutions, government entities, and health care providers and payers. This act represents a dynamic interplay between consumers’ trust and the organization’s PII data requirements.

The LexisNexis Data Minimization study explores the current use of consumers’ personally identifiable information (PII) for identity verification among key industry groups as well as consumers’ willingness and perceptions involving the sharing of PII. Based on these findings, it aims to provide insight on future industry trends, specifically those involving opportunities to reduce the amount of sensitive data being collected and retained (data minimization).

Learn how your organization can assess and adhere to regulatory requirements while reducing data collection, and learn how changing regulations, technologies and consumer preferences will shape future data collection practices.