What is the NIST Privacy Framework?NIST is the National Institute of Standards and Technology, part of the U.S. Department of Commerce. The NIST Privacy Framework is available to any organization to help it build innovative products and services while also protecting individuals’ privacy through identifying and managing privacy risk. The framework notes that Internet and IT advances have led to "unprecedented advantages" that are often "fueled by data about individuals." Those individuals may be unaware of the privacy concerns involved, and businesses and organizations may be unaware of the possible consequences of collecting and using personal data. By following the Privacy Framework, NIST businesses are able to:
- Build customers’ trust by supporting ethical decision-making in product and service design or deployment that optimizes beneficial uses of data while minimizing adverse consequences for individuals’ privacy and society as a whole.
- Fulfill current compliance obligations, as well as future-proof products and services to meet obligations in a changing technological and policy environment.
- Facilitate communication about privacy practices with individuals, business partners, assessors, and regulators.