What Are the Legal Implications of Privacy Breaches?
The legal implications of privacy breaches can be severe. Businesses may face:
- Fines and Penalties: Regulatory bodies can impose substantial fines for non-compliance with privacy laws. - Lawsuits: Affected individuals may file lawsuits, leading to costly legal battles. - Reputation Damage: Privacy breaches can severely damage a company's reputation, leading to loss of customer trust and revenue.