What are the key data privacy regulations affecting technology companies?
An example of an AI chatbot conversation about data privacy regulations and their impact on technology.
What are the key data privacy regulations affecting technology companies?
Key regulations include GDPR in Europe, CCPA in California, and HIPAA for health data in the U.S.
How does GDPR impact companies outside of Europe?
GDPR applies to any company processing data of EU citizens, regardless of where the company is based.
What are the penalties for non-compliance with these regulations?
Penalties can be severe, with fines reaching up to 4% of annual global revenue or €20 million, whichever is higher.
Can you explain the concept of data subject rights under GDPR?
Data subject rights include the right to access, rectify, erase, and restrict processing of personal data.
What steps can companies take to ensure compliance with these regulations?
Companies should conduct regular audits, implement data protection policies, and provide employee training on data privacy.
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