What is the impact of GDPR on small businesses?
An example of an AI chatbot conversation about GDPR's effects on small businesses.
What is the impact of GDPR on small businesses?
GDPR can significantly affect small businesses by imposing strict data protection regulations, which may require changes in how they handle customer data.
What specific changes do small businesses need to make to comply?
Small businesses need to ensure they have clear consent from customers for data collection, implement data protection measures, and provide transparency about data usage.
Are there any penalties for non-compliance?
Yes, non-compliance with GDPR can lead to hefty fines, which can be up to 4% of annual global turnover or €20 million, whichever is higher.
How can small businesses prepare for GDPR?
Small businesses can prepare by conducting a data audit, updating privacy policies, training staff on data protection, and implementing security measures.
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