What are the implications of GDPR for small businesses?

The implications of the General Data Protection Regulation (GDPR) for small businesses in Pennsylvania are significant. GDPR is a European Union (EU) law that was enacted in 2018 to protect the personal data of EU citizens. As a result, any business that processes personal data of EU residents must comply with the law, even if it is based in the United States. For small businesses, this can be a major undertaking as it requires a significant investment of time and resources. Fines for non-compliance can be up to 4% of the company’s global annual turnover, or up to 20 million Euros (about 24.5 million USD). Small businesses must provide customers with clear information on their data processing activities, and keep records of data processing activities. They must also have detailed information about data subjects (customers) and their rights under the GDPR. The GDPR also requires businesses to appoint a Data Protection Officer (DPO) and provide customers with access to their data. In addition, customers must be informed when their data is breached or stolen, meaning businesses must have effective systems in place to detect, investigate and report such incidents. Overall, the GDPR is a complex law that carries significant implications for small businesses. It is important that companies understand what the GDPR requires of them and take the necessary steps to ensure they are compliant.

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What are the implications of GDPR for small businesses?

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