Cybersecurity Laws Every Business Should Know
Cybersecurity laws and regulations vary by country and industry, but here are some key laws and frameworks that businesses should be aware of, particularly if they operate in or handle data from regulated regions: 1. General Data Protection Regulation (GDPR) – EU Scope: Applies to any business processing EU residents' data. Key Requirements: Obtain explicit consent for data collection. Report data breaches within 72 hours . Allow users to access, correct, or delete their data (Right to Erasure). Penalties: Up to €20 million or 4% of global revenue . 2. California Consumer Privacy Act (CCPA) & CPRA – USA Scope: Applies to businesses handling California residents' data (if revenue >$25M, processes data of 100K+ consumers, or derives 50%+ revenue from selling data). Key Requirements: Disclose data collection practices. Allow consumers to opt out of data sales. Provide access to collected data upon request. Penalties: Up to $7,500 per ...
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