What Are the Consequences of Ignoring Data Privacy?
Ignoring data privacy can lead to severe consequences, including legal penalties, loss of customer trust, and damage to your brand reputation. Regulatory bodies like the EU, under GDPR, can impose fines up to 4% of your annual global turnover or €20 million, whichever is higher. Additionally, data breaches can result in costly resolutions and loss of invaluable customer relationships.