Personal credit information

Abstract

Explains how credit reporting company Experian sets about ensuring privacy and security in the personal credit information that it holds. Outlines the scale of the company's data collection and analysis operations and emphasizes that the legal standards need to be simply the baseline upon which further internal policies are built. Suggests that balance, accuracy, security, integrity and communication are the key issues to be addressed. Outlines some of the legislation protecting personal data and consumer rights to privacy, emphasizing the importance of achieving a balance between business information benefits and consumer rights. Refers briefly to the need to encourage credit reporting and associated data protection safeguards in developing countries. Explains the steps Experian takes to maintain data security, including training to avoid accidental or deliberate breaches. Includes brief mention of the Payment Card Industry Data Security Standard.