From the course: Identify and Mitigate Legal Risks in Business
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Protect your business from data privacy risks
From the course: Identify and Mitigate Legal Risks in Business
Protect your business from data privacy risks
That customer data you collect really helps your company find the best customers and keep them happy and loyal. That's good for business and good for the bottom line. Until one day, yikes, you suffer a data breach. Your reputation suffers, the government levies a hefty fine, and you get hit with a lawsuit from customers. All of this could have been avoided if you had followed data protection rules and put data security measures in place. In this lesson, I'll look at data privacy and security by focusing on data protection rules, data breach liability, and your exposure for the acts of third-party vendors. First up, data protection. Companies for many industries like health care, financial institutions, e-commerce, schools, and technology are governed by specific laws that require the safeguarding of personal data of customers and users. Beyond that, if you are selling on the Web, certain states like California or regions like Western Europe have very strict data privacy and usage…
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