What are the global privacy standards that companies need to follow?
Global privacy standards include regulations like GDPR in Europe, CCPA in California, and PIPEDA in Canada.
Can you explain what GDPR is and why it's important?
GDPR, or General Data Protection Regulation, is a comprehensive data protection law in the EU that enhances individuals' rights.
How do these standards affect businesses operating internationally?
Businesses must comply with the privacy laws of each country they operate in, which can be complex and costly.
Are there any penalties for not complying with these standards?
Yes, non-compliance can lead to hefty fines, legal action, and damage to a company's reputation.
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