What is the focus of regulatory compliance in tech firms? 🔊
The focus of regulatory compliance in tech firms is to ensure adherence to laws, regulations, and industry standards governing technology usage and data management. Compliance efforts may encompass data protection laws (such as GDPR), cybersecurity mandates, and software licensing regulations. Organizations must implement appropriate policies, procedures, and training to mitigate risks associated with non-compliance, which can result in legal penalties and reputational damage. Ultimately, maintaining regulatory compliance fosters trust among customers, protects sensitive information, and supports the company's long-term viability.
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