But more accurately, the purpose is for the statement to protect the business in the event of a dispute.
Just think how much smoother things would be if every website had a link titled “Transparency Statement” that took you to a one-page document with a friendly font size and no legalese. Better yet, why not call the “transparency statement” something like, “How we handle your private information.”
Robert Siciliano is an Identity Theft Expert to AllClearID. He is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen See him knock’em dead in this identity theft prevention video. Disclosures.