Which of the following is the GREATEST risk associated with the lack of an effective data privacy program?
Which of the following is the GREATEST risk associated with the lack of an effective data privacy program?
Failure to comply with data-related regulations is the greatest risk associated with the lack of an effective data privacy program. Regulatory bodies impose strict requirements on how data should be handled, and non-compliance can result in significant legal and financial consequences. This includes hefty fines and damage to an organization's reputation, leading to loss of trust among customers and stakeholders.
A- is important.. Compliance with privacy laws and regulations
Failing to comply with data-related regulations can result in significant legal and financial consequences for an organization. Regulatory bodies worldwide impose strict requirements regarding the collection, storage, processing, and protection of personal and sensitive data. These regulations, such as the GDPR in Europe or the CCPA in California, carry hefty fines for non-compliance. Additionally, non-compliance can damage an organization's reputation and lead to loss of trust among customers and stakeholders.