Apologies Are Not Enough When You Get BreachedPrivacyPlanner
Small businesses might think they are immune. They would be wrong: their customer data is valuable and they are being targeted. Breaches often mean they are soon out of business. But there are some ways to put the odds in your favor. You won’t find a more cost-effective approach than PrivacyPlan.
An Explosion of Data Breaches and Lawsuits
These days, it seems like there’s a new data breach in the news almost every day. People have begun to pay attention, and they’re demanding that companies take better care of their personal information.
The Rise of Class-Action Lawsuits
While most small businesses need not worry about class actions, shifts in legal ruling mean they are more exposed to data breach lawsuits than ever before. You don’t have to lose a lawsuit to lose a lot of money or customers.
Consumers Want More
A great way to reduce your risk of breach while showing consumers your privacy intent is to get certified. PrivacyPlan can help quickly and cost-effectively.
New Legislation to Protect Consumers
Governments are now taking the matter of data protection into their own hands. In the European Union, the General Data Protection Regulation (GDPR) took effect in May 2018. This affects US companies too if any of their customers reside or make purchases while in the EU. The GDPR also affects any company that does business with data collection and processing companies in the European Union. If you fail to have a Data Protection Officer (DPO) in place to satisfy these regulations, your company faces huge fines.