2 - Regulations Flashcards
1
Q
HIPPA Non-compliance penalties
A
Extensive fines and penalties
Ranges for $100 fines to $250,000
Felony convictions include prison time
2
Q
Sarbanes-Oxley Act (SOX)
A
corporate fraud
3
Q
What are the 4 GDPR Key principles?
A
Data must be kept for only specific purposes for a specified length of time
data must be securely deleted
Data should be kept within the EU for EU Citizens
Right to be forgetten (Citizen can request for their data to be deleted)
4
Q
What is the punishment for infringing GDPR?
A
This could mean a fine of up to €20 million, or 4% of your total worldwide annual turnover, whichever is higher.
