Privacy Impact Assessment vs. Risk Assessment vs. Business Impact
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PRIVACY
IMPACT ASSESSMENT
R I S K
ASSESSMENT
BUSINESS
IMPACT ASSESSMENT
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PRIVACY
IMPACT ASSESSMENT
PIA focuses on assessing the impact of data
processing activities on individuals' privacy
rights.
PIA is primarily concerned with ensuring
compliance with data protection laws and
regulations, like GDPR or HIPAA.
PIA helps organizations identify and reduce
privacy concerns related to data
processing.
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R I S K
ASSESSMENT
Risk assessment encompasses a broader range of 
risks, such as operational, financial, and security 
risks.
Risk assessment includes many possible risks,
not just privacy issues, that could harm an
organization.
Organizations use risk assessments to make
decisions on the best risk-reduction
strategies.
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BUSINESS
IMPACT ASSESSMENT
BIA evaluates the potential impact of incidents or 
interruptions on the daily operations of an
organization.
BIA is often used in business continuity
planning and disaster recovery
efforts.
BIA helps prioritize critical business functions
and allocate resources effectively during
disruptions.
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