How Do Different Industries Experience Regulatory Complexity?
Regulatory complexity varies significantly across industries. For example, the healthcare industry is heavily regulated with stringent patient privacy laws such as HIPAA in the United States. The financial sector must adhere to regulations like the Dodd-Frank Act, which aims to reduce risks in the financial system. Meanwhile, the tech industry faces unique challenges related to data protection and cybersecurity, particularly with regulations like GDPR in the European Union.