; or (B) de-identification, anonymization, or pseudonymization technologies or techniques, filtering tools, anti-tracking technology, differential privacy tools, synthetic data generation tools, cryptographic techniques (such as secure multi-party computation and homomorphic encryption), or systems for federated learning. (7) Privacy risk The term privacy risk means potential harm to an individual resulting from the collection, processing, storage, or disclosure of covered data, including— (A) direct or indirect financial loss; (B) stigmatization or reputational harm; (C) anxiety, embarrassment, fear, and other severe emotional trauma; (D) loss of economic opportunity; or (E) physical harm. (8) Process The term process means any operation or set of operations that is performed on covered data or on sets of covered data, including by automated means, including organizing, combining, adapting, altering, using, or transforming. (9) Protected characteristic The term protected characteristic means an individual’s race, sex, gender, sexual orientation, nationality, religious belief, age, or disability status. (10) Pseudonymous data The term pseudonymous data means covered data that may only be linked to the identity of an individual or the identity of a device associated with an individual if combined with separate information. (11) Reasonable interest The term reasonable interest means— (A) a compelling business, operational, administrative, legal, or educational justification for the collection, processing, storage, or disclosure of covered data exists; and (B) the interest does not subject the individual linked to the covered data to an unreasonable privacy risk. (12) Sensitive data The term sensitive data means any covered data relating to— (A) the health, biologic, physiologic, biometric, sexual life, or genetic information of an individual