Design of Whole Life Cycle Protection Framework for Financial Consumer Information

The digital transformation of the financial industry enables financial consumers to obtain accurate financial products and convenient service experience, but it also breeds problems such as personal financial information leakage. It is urgent to further strengthen the protection of personal financial information under the background of the digital transformation of the financial industry. Through the investigation of the personal financial information protection needs of financial consumers, the protection needs of the investigation are embedded in the full life cycle protection of personal financial information. Based on Privacy by design and Personal financial information protection technical specification, the whole life cycle protection framework of personal financial information embedded in privacy design is designed to provide information protection suggestions for financial institutions in the stages of personal financial information collection, transmission, storage, processing, deletion and destruction.