Guide: Understanding and Answering Questions on Data Privacy

Data Privacy: It refers to the aspect of information technology (IT) that deals with the ability an organization or individual has to determine what data in a computer system can be shared with third parties.

Importance:
Data privacy is crucial as it underpins the realization of the full potential of data-driven innovation while maintaining the trust of consumers, especially in a world where data breaches are increasingly common.

How it works:
Data Privacy works by implementing strong policies, rules, and measures to safeguard the data from theft, misuse, unauthorized access, disclosure, alteration, and destruction. This includes methods like encryption, pseudonymization, data access controls, and data masking.

Exam Tips - Answering Questions on Data Privacy:
1. Understand the Concepts: Have a comprehensive understanding of what data privacy is, its importance, and how it works.
2. Application is Key: Examiners often look for candidates' understanding of the application of concepts and principles. Thus, be ready to answer questions that probe your capacity to apply these principles and practices to given situations.
3. Key Legislations: Understand the key legislations guiding data privacy like GDPR (General Data Protection Regulation), and know the penalties for non-compliance.
4. Familiarize with Privacy by Design: Know and understand the concept of 'Privacy by Design' (PbD).
5. Practice Past Questions: Familiarize yourself with past questions to understand the pattern and style of how questions can come. This can significantly boost your confidence during the exam.