What are the key regulations in compliance that businesses should be aware of?
Key regulations include GDPR for data protection, HIPAA for health information, and SOX for financial practices.
Can you explain GDPR and its importance?
GDPR is the General Data Protection Regulation, crucial for protecting EU citizens' personal data and privacy.
What penalties can businesses face for non-compliance?
Penalties can include hefty fines, legal action, and damage to reputation, depending on the regulation.
Are there any specific compliance regulations for the tech industry?
Yes, regulations like CCPA for consumer privacy and PCI DSS for payment data security are vital for tech companies.
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