What is the principle of data minimization?

The principle of data minimization emphasizes the importance of collecting only the data that is necessary for a specific purpose. This approach not only respects individuals' privacy but also enhances data security by reducing the amount of sensitive information that could potentially be exposed to risks such as breaches or unauthorized access.

By focusing on collecting only essential data, organizations can streamline their data management processes and limit their exposure to liabilities associated with holding excessive information. This practice aligns with various regulations and frameworks aimed at protecting personal information, ensuring compliance with laws pertaining to data privacy and security.

In contrast to the other options, which promote practices such as gathering and retaining all data without constraints or storing it haphazardly, data minimization establishes a more responsible and ethical approach to managing information, ultimately fostering trust between the organization and its stakeholders.