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 update their privacy policies, ensure they have consent for data collection, and implement data protection measures.
Are there any penalties for non-compliance?
Yes, non-compliance 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?
They can start by conducting a data audit, training staff on data protection, and consulting with legal experts to ensure compliance.
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