Which of the following best describes "data minimization"?

Data minimization refers to the principle of limiting data collection to what is necessary for a specific purpose. This means that organizations should only gather and retain the minimum amount of personal data required to achieve their objectives, thereby reducing privacy risks and potential data breaches. By adhering to this principle, organizations can better protect individual privacy and comply with various privacy laws and regulations that mandate data minimization as a best practice.

Gathering excessive data, storing information indefinitely, or sharing data with third parties do not align with the concept of data minimization. These actions can lead to unnecessary privacy risks and a greater chance of non-compliance with privacy regulations, which stress the importance of collecting only what is needed to fulfill a legitimate purpose.