Data Processing Policy

1. Introduction

This Data Processing Policy explains how FinanceFocusLab processes personal data in accordance with applicable data protection laws and regulations. This policy complements our Privacy Policy and provides detailed information about our data processing activities, procedures, and safeguards.

We are committed to ensuring that all personal data is processed lawfully, fairly, and transparently, in accordance with the principles of data protection legislation.

2. Data Controller Information

FinanceFocusLab acts as the data controller for personal data collected through our website. As the data controller, we are responsible for determining the purposes and means of processing personal data.

3. Categories of Personal Data Processed

We process the following categories of personal data:

4. Processing Purposes and Legal Bases

5. Data Processing Procedures

We implement the following procedures to ensure secure and lawful data processing:

• Data minimization: We only collect and process data that is necessary for the specified purposes
• Purpose limitation: Data is processed only for the purposes for which it was collected
• Storage limitation: Data is retained only for as long as necessary to fulfill processing purposes
• Accuracy: We take reasonable steps to ensure data accuracy and update information when necessary
• Security: Technical and organizational measures are implemented to protect data

6. Data Security Measures

We implement comprehensive security measures to protect personal data:

• Encryption of data during transmission using secure protocols
• Access controls limiting data access to authorized personnel only
• Regular security assessments and vulnerability testing
• Secure data storage and backup procedures
• Employee training on data protection and security practices
• Incident response procedures for potential data breaches

7. Data Retention Periods

Personal data is retained for the following periods:

• Contact form submissions: Retained for the period necessary to respond to inquiries and fulfill communication purposes, typically up to 3 years
• Website analytics data: Retained in aggregated form for analysis purposes, typically up to 2 years
• Technical data: Retained for security and functionality purposes, typically up to 1 year
• Legal compliance data: Retained as required by applicable laws and regulations

After the retention period expires, data is securely deleted or anonymized in accordance with our data retention policies.

8. Data Sharing and Transfers

We do not sell personal data to third parties. We may share data with:

• Service providers who assist in website operations under strict confidentiality agreements
• Legal authorities when required by law or to protect our legal rights
• Business partners only with explicit consent and for clearly defined purposes

When data is transferred to third parties or across borders, we ensure appropriate safeguards are in place to protect data in accordance with applicable data protection laws.

9. Data Subject Rights

You have the following rights regarding your personal data:

• Right of Access: You can request information about what personal data we hold about you
• Right to Rectification: You can request correction of inaccurate or incomplete data
• Right to Erasure: You can request deletion of your personal data in certain circumstances
• Right to Restriction: You can request limitation of processing in certain situations
• Right to Data Portability: You can request transfer of your data to another service provider
• Right to Object: You can object to processing based on legitimate interests
• Right to Withdraw Consent: You can withdraw consent for processing at any time

To exercise these rights, please contact us using the contact information provided in section 11.

10. Automated Decision-Making

We do not use automated decision-making processes, including profiling, that produce legal effects or significantly affect individuals. All data processing decisions involve human oversight and review.

11. Complaints and Contact

If you have concerns about our data processing practices or wish to exercise your rights, please contact us:

You also have the right to lodge a complaint with your local data protection authority if you believe your rights have been violated.

12. Updates to This Policy

We may update this Data Processing Policy from time to time to reflect changes in our practices, legal requirements, or regulatory guidance. Updates will be posted on this page with a revised date. We encourage you to review this policy periodically to stay informed about how we process your personal data.