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    Question

    Which of the following is considered a Data Fiduciary?

    A Any entity that determines purpose of processing data Correct Answer Incorrect Answer
    B Only government departments Correct Answer Incorrect Answer
    C Only private IT companies Correct Answer Incorrect Answer
    D Individual citizens Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: A Data Fiduciary is any person, company, firm, or entity that determines the  purpose and means of processing personal data. It is not restricted to government bodies or  private IT firms alone. The scope is broad, covering any entity deciding how data is collected, stored, and used. This concept ensures accountability of those exercising control over personal data, distinguishing them from data processors who merely handle data on behalf of fiduciaries.    

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