Privacy is a major requirements by customers

One of the common customer requirement when it comes to buying a product or using services of a company or business is privacy.

When a customer is creating an account on a business website they are expecting that the company will not sell their data to external parties.

So if a Company want to keep its customers then their privacy must be protected. it would be great to inform customers about the terms and conditions of how their data will or will not be used.

Customers' will be at rest knowing that their privacy wouldn't be compromised and that data about them is safe.
What do you think?

That is very true indeed. For instance l would not visit or making any action on any website that is not encrypted with a strong SSL certificate that guarantees the safety of my data.

Yes that is why a lot of standard website are encrypted with a strong SSL certificate. This is a good thing to do as it will guarantees the safety of users data.