A financial services company plans to provide a third-party research firm with a dataset containing anonymized customer transaction data for market analysis. To ensure the data is used only for the agreed-upon research and is not re-identified or shared further, the company needs to establish a formal contract outlining the rules of engagement. Which of the following is the BEST document for this purpose?
A data use agreement is a contractual document that outlines how information can be accessed, handled, and shared between entities under specific guidelines. In this scenario, it would legally bind the research firm to the terms of data use. Data replication is a method for ensuring data availability, not for governing its use. Data encryption is a security technique to protect data from unauthorized access, while de-identification is the process of removing personal details; both are processes that would be applied to the data itself, not the agreement governing its use.
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What is a Data Use Agreement?
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How does anonymization differ from de-identification?
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Why wouldn’t data encryption replace the need for a Data Use Agreement?