What is the significance of Data Privacy Regulations like GDPR?
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Data Privacy Regulations, such as the General Data Protection Regulation (GDPR) in the European Union, are designed to protect individuals’ personal data and privacy. GDPR, for instance, imposes strict rules on how organizations collect, store, and process personal data. It gives individuals greater control over their data and mandates transparency, data breach notifications, and the right to access and delete personal data. Compliance with such regulations helps build trust with users and avoid legal penalties.