1. It’s the law.
2. Other third parties services require it.
3. Gain user’s trust.
Users want to know that you care about them and their private information, especially in today’s world, where everything we do is online and the public is increasingly skeptical about what goes on behind virtual closed doors. It follows then that gaining the trust of your users and clients is essential to the success of your business. If they aren’t certain that they can trust using your websites and social media, then you can be certain to lose their interest and their business.
4. Everyone else does it.
5. Keep your money!
Protecting privacy and corporate transparency are primary concerns in today’s society, and so there are many laws in place in order to make those things happen. If you fail to protect your consumers privacy by not complying with privacy laws, then you can be hit with massive fines and sanctions as a penalty.
6. Avoid lawsuits.
Privacy policies are required by law, and so it follows that failing to comply with these laws can, and probably will, lead to countless lawsuits in addition to those fines and penalties we mentioned above. Avoid getting sued by making sure you are in full compliance with all privacy laws. Speak with an experienced attorney who can help you protect you and your users.