What is the impact of GDPR on businesses?
An example of an AI chatbot conversation about GDPR's effects on business operations.
What is the impact of GDPR on businesses?
GDPR, or General Data Protection Regulation, significantly affects how businesses handle personal data. It requires stricter consent protocols and transparency.
Can you explain how it affects small businesses specifically?
For small businesses, GDPR compliance can be challenging due to limited resources. They must ensure data protection measures are in place, which may require additional investment.
What are the penalties for non-compliance?
Penalties for non-compliance can be severe, including fines up to 4% of annual global turnover or €20 million, whichever is higher.
How can businesses ensure they are compliant?
Businesses can ensure compliance by conducting data audits, updating privacy policies, training staff, and implementing data protection measures.
Are there any exceptions to GDPR?
Yes, there are exceptions, such as for personal data processed for national security or law enforcement purposes, but these are limited.
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