This statement is False.
Under contemporary data privacy regulations and practices, individuals are acknowledged as the principal proprietors of their personal information.
Organizations function as data custodians or processors, obligated to manage user data with responsibility and transparency.
Legislation such as the GDPR in Europe, and other global privacy frameworks, grant individuals control over their personal data.
These controls encompass consent, access, rectification, and erasure of their data.
Consequently, businesses cannot claim exclusive ownership; they are mandated to adhere to privacy laws safeguarding individual rights.