Risk 1: non-compliance, fines and lawsuits
- European Union’s General Data Protection Regulation (GDPR);
- California Online Privacy Protection Act of 2003 (CalOPPA);
- California Consumer Privacy Act (CCPA);
- Nevada Revised Statutes Chapter 603A.
Risk 2: being unprepared for future privacy laws
Fortunately for some and unfortunately for others, privacy is a constantly changing and evolving field. Consumers are more and more interested in the privacy of their personal information and legislators are eager to satisfy that interest. Currently, eleven states have proposed their own privacy bills that would protect consumers and regulate the collection, use and disclosure of personal information on websites.
Risk 3: losing the trust of your customers
Risk 4: sales cycle delays