diff --git a/CHANGELOG.md b/CHANGELOG.md
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 # Changelog
 
+## 1.23.0
+* Cleaned up top menu
+  * Profile Helper now only shows up if you have anything to fix; otherwise the profile helper can be found in the Settings menu
+  * Post Ads and Ad Editor have been merged together
+* Improved text editor
+  * eicon picker (courtesy of @Xariah Dailstone)
+  * color picker
+  * unicode emoji picker
+* Added [privacy statement](PRIVACY.md)
+
 ## 1.22.0
-* Added quick profile view to the right side panel
+* Added quick profile view on the right side panel
 * Better YouTube previews (credit: [@twilight-sparkle-irl](https://github.com/twilight-sparkle-irl))
 * Better Twitter previews (credit: [@twilight-sparkle-irl](https://github.com/twilight-sparkle-irl))
 * Security updates to NPM dependencies
diff --git a/PRIVACY.md b/PRIVACY.md
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+# Security & Privacy
+
+## General
+F-Chat Rising does not collect any personal information about you, your computer, or anything else, other than what is necessary to connect you to F-Chat.
+
+No data about your sessions, chats, characters, passwords, et cetera, is shared with the F-Chat Rising developers.
+
+## Connectivity
+F-Chat Rising connects to the following hosts:
+
+  * `f-list.net` – FChat, FList, profiles, character search, authentication, character images, etc.
+  * `github.com` – F-Chat Rising [update checks](./electron/pack.js)
+  * `easylist.to`, `adblockplus.org`, `adtidy.org`, `githubusercontent.com` – [ad blocker updates](./electron/blocker/blocker.ts)
+  * `xariah.net` – [eicon updates](./learn/eicon/updater.ts)
+
+Your character name, password, messages, and any other private data is only sent to `f-list.net`; the other services are queried anonymously.
+Your IP address will be exposed to all of these services.
+
+## Link Previews
+When the 'Link Preview' feature is used, F-Chat Rising will connect to the URL being previewed and any other hosts that are linked from the page being previewed.
+
+* F-Chat Rising uses [@cliqz/adblocker](https://github.com/ghostery/adblocker) to block as many ads and trackers as possible.
+* Using the Link Preview feature will expose you to similar risks that opening a link in your web browser does.
+* If you are concerned about your security or privacy, consider disabling the link preview feature in F-Chat Rising settings.
+* In some cases F-Chat Rising uses 'proxy services' that help formatting Link Previews. For example:
+  * Twitter previews are proxied through `api.fxtwitter.com`
+  * YouTube previews are proxied through `yewtu.be`
+
+## Locally Stored Data
+F-Chat Rising stores data on your computer. This data contains conversation logs, settings, cache, and other
+information such as custom dictionary words. By default, the data is stored in:
+
+| **Operating System** | **Data Path**                         |
+|:---------------------|:--------------------------------------|
+| Windows              | `%AppData%\fchat`                     |
+| MacOS                | `~/Library/Application Support/fchat` |
+| Linux                | `~/.config/fchat`                     |
+
+F-List account usernames and passwords are stored in a secure datastore provided by your operating system. For more information, see [node-keytar](https://github.com/atom/node-keytar).