What are the impacts of GDPR and CCPA on businesses?
An example of an AI chatbot conversation about the effects of GDPR and CCPA on businesses.
What are the impacts of GDPR and CCPA on businesses?
GDPR and CCPA impose strict data protection regulations, affecting how businesses collect and manage personal data.
Can you explain how these regulations differ?
Sure! GDPR applies to EU citizens and has stricter consent requirements, while CCPA focuses on California residents and emphasizes transparency.
What are the penalties for non-compliance?
Penalties can be severe: GDPR fines can reach up to 4% of annual global revenue, while CCPA fines can be up to $7,500 per violation.
How can businesses ensure compliance?
Businesses should conduct regular audits, update privacy policies, and implement data protection measures to ensure compliance.
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