A: Non-compliance can lead to:
- Legal penalties: Fines, sanctions, and even criminal charges.
- Reputational damage: Loss of customer trust and negative publicity.
- Competitive disadvantage: Exclusion from certain markets or loss of business opportunities.
- Operational disruptions: Investigations, audits, and legal proceedings can disrupt business operations.
- Increased costs: Legal fees, compliance audits, and remediation efforts can be costly.
Q: How can software businesses stay informed about regulatory changes?
A: To stay informed, software businesses should:
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