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IT IS WHAT THE LAW DICTATES
Suits have been filed in the past over questionable privacy policies that have been criticized. SnapChat, Google, and Delta Airlines are only a handful of the companies who have struggled as a result of a few errors in their privacy policies.
And, irrespective of where the company is located, the EU is now increasing the number of penalties that can be levied!
THIRD PARTY REQUIREMENTS
TO MAKE PROFIT
Similarly, being on the side of caution and presenting people with what makes them feel secure and safe will help in boosting your profits instantly. Several more visitors will become customers, if you are truthful and transparent with them, according to research.
BUILD TRUST WITH CLIENTS AND CUSTOMERS
The most critical moral justification is to be honest for your users. Giving your partners and consumers a good understanding of how and why you access their confidential information helps them feel safer.
Lastly, anyone who actually reads the legal document carefully will feel better, more at ease, spend more time on your website or smartphone app, and are therefore more likely to recommend your product to their friends and family.
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