a live privacy policy method and system enables enterprises to update in real - time their privacy policy declaration by monitoring the third - party activities using the invention described herein . once the software is integrated into the website and web applications , third - party related activities are captured continuously and used to build a live profile that is also updated continuously . this allows enterprises adhere to privacy policy regulations without any delays . this also benefits consumers who are able to view the data being collected to determine if they want to opt out .