What are the implications of GDPR for businesses?
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What are the implications of GDPR for businesses?
GDPR, or General Data Protection Regulation, imposes strict rules on how businesses handle personal data. It requires transparency, consent, and the right to access and delete personal information.
What happens if a business fails to comply with GDPR?
Non-compliance can lead to hefty fines, up to 4% of annual global turnover or €20 million, whichever is higher. It can also damage a company's reputation.
How can businesses ensure they are compliant with GDPR?
Businesses can ensure compliance by conducting data audits, implementing data protection policies, training staff, and appointing a Data Protection Officer if necessary.
Are there any exceptions to GDPR?
Yes, there are exceptions, such as for national security, law enforcement, and certain processing activities that are necessary for public interest.
Can individuals request their data to be deleted under GDPR?
Yes, individuals have the right to request the deletion of their personal data, known as the 'right to be forgotten,' under certain conditions.
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