Ignoring privacy can have severe consequences including: - Legal penalties: Non-compliance with regulations like GDPR can result in hefty fines. - Loss of trust: Customers who feel their data is not secure are likely to disengage from your brand. - Reputational damage: News about data breaches or unethical data practices can harm your brand's reputation. - Financial losses: Beyond fines, the loss of customers and damage to your brand can lead to significant financial losses.