Ignoring privacy regulations can have severe consequences:
Fines and Penalties: Non-compliance can lead to significant financial penalties. For example, GDPR violations can result in fines up to 4% of the company's annual global turnover. Reputation Damage: Breaches of privacy can erode consumer trust and damage your brand's reputation, making it difficult to recover. Legal Actions: Beyond fines, companies may face lawsuits from affected individuals or entities.