What is the impact of GDPR on businesses?
An example of an AI chatbot conversation about the impact of GDPR on business operations and compliance.
What is the impact of GDPR on businesses?
GDPR, or General Data Protection Regulation, significantly affects how businesses handle personal data, emphasizing privacy and security.
Can you explain how it affects small businesses specifically?
Small businesses must comply with GDPR by ensuring they have proper data protection measures in place, which can be resource-intensive.
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, implementing privacy policies, and training staff on data protection.
Are there any exceptions for certain types of businesses?
Yes, certain exemptions may apply, such as for small businesses processing minimal data or specific types of data processing.
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