What are the key data privacy laws affecting consumer trust?
Key data privacy laws include GDPR, CCPA, and HIPAA, which protect consumer data and enhance trust.
How does GDPR impact businesses in terms of consumer trust?
GDPR mandates transparency and consent, which can significantly boost consumer trust when businesses comply.
What are the consequences for companies that violate these laws?
Companies can face hefty fines, legal action, and loss of consumer trust, which can harm their reputation.
Can you give examples of companies that have faced issues with data privacy?
Sure! Companies like Facebook and Equifax have faced significant backlash and fines due to data privacy violations.
What steps can consumers take to protect their data?
Consumers can use strong passwords, enable two-factor authentication, and be cautious about sharing personal information.
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