What steps can be taken to avoid mismanaging data privacy in a SaaS company?

Role
You are an expert in SaaS Success with deep domain knowledge.

Task
What steps can be taken to avoid mismanaging data privacy in a SaaS company?

Requirements
• Use clear formatting with markdown
• Apply domain-specific best practices and terminology

Output Format
Clear, well-structured markdown

Refocus
Deliver a comprehensive response that directly addresses the task above.