In today's regulatory landscape, businesses are required to navigate a growing array of compliance standards designed to protect consumer data, privacy, and rights. Whether you operate domestically or globally, understanding these regulations is crucial for avoiding legal risks, safeguarding customer trust, and ensuring operational efficiency. Here, we explore key compliance frameworks such as GDPR, CCPA, and others that your business may need to adhere to.
The GDPR is a European Union (EU) regulation that governs how personal data of EU citizens is collected, processed, and stored. Even businesses outside the EU must comply if they handle data of EU residents.
Fines up to €20 million or 4% of global annual revenue, whichever is higher.
The CCPA is a U.S. law that enhances privacy rights and consumer protections for California residents. It focuses on giving individuals control over their personal data.
Businesses that:- Have annual gross revenues exceeding $25 million.- Handle data of 50,000 or more California residents, households, or devices annually.- Derive 50% or more of annual revenue from selling California residents' personal information.
Up to $7,500 per intentional violation and $2,500 per unintentional violation.
HIPAA is a U.S. regulation that protects sensitive health information (PHI) by establishing standards for its secure handling and sharing.
Fines range from $100 to $50,000 per violation, with a maximum annual penalty of $1.5 million.
The PCI DSS is a set of security standards designed to protect credit card transactions and payment data.
Any business that processes, stores, or transmits payment card information.
Fines range from $5,000 to $100,000 per month, depending on the violation and payment processor.
The COPPA regulates the collection of personal information from children under the age of 13 in the U.S.
Businesses operating websites or apps targeting children under 13 or knowingly collecting their data.
Fines up to $43,280 per violation.
FERPA protects the privacy of student education records in the U.S.
Educational institutions receiving federal funding.
Loss of federal funding.
Compliance reduces the risk of lawsuits, fines, and penalties.
Transparent practices and secure handling of data build customer confidence.
Demonstrating commitment to regulatory standards enhances credibility and attracts more customers.
Meeting international standards like GDPR enables businesses to operate in global markets.
Compliance frameworks often require robust data security measures, protecting businesses from breaches and cyberattacks.
Navigating compliance can be overwhelming, but you don't have to do it alone. Fawkes Digital Marketing specializes in:
With over a decade of experience, we're here to help you protect your business, build trust, and thrive in a regulated world.
Compliance with regulations like GDPR, CCPA, HIPAA, and others is essential for businesses handling sensitive data. Beyond avoiding legal consequences, these frameworks offer significant benefits, from improved security to enhanced customer trust. Partner with Fawkes Digital Marketing to ensure your business meets its compliance obligations and remains competitive in today's ever-changing regulatory environment.