What are the key regulations for data handling compliance?
An example of an AI chatbot conversation about regulatory compliance in data handling.
What are the key regulations for data handling compliance?
Key regulations include GDPR, CCPA, and HIPAA, which set standards for data protection and privacy.
Can you explain GDPR and its impact on businesses?
GDPR requires businesses to protect EU citizens' data and privacy, imposing strict penalties for non-compliance.
What steps should a company take to ensure compliance?
Companies should conduct data audits, implement data protection policies, and train employees on compliance requirements.
Are there any specific penalties for non-compliance?
Yes, penalties can range from fines up to 4% of annual global turnover or €20 million, whichever is higher.
How often should compliance audits be conducted?
Compliance audits should be conducted at least annually, or more frequently if there are significant changes in data handling practices.
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