What are the key regulations on data transparency?
Key regulations include GDPR in Europe, CCPA in California, and various sector-specific laws that mandate data transparency.
How does GDPR affect companies outside of Europe?
GDPR applies to any company that processes data of EU citizens, regardless of where the company is located.
What penalties do companies face for non-compliance?
Penalties can be severe, including fines up to 4% of annual global turnover or €20 million, whichever is higher.
Can you explain the concept of data subject rights?
Data subject rights include the right to access, rectify, erase, and restrict processing of personal data.
What steps can companies take to ensure compliance?
Companies should conduct data audits, implement privacy policies, and provide training to employees on data handling.
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