Small startups might not think the world’s strictest data personal privacy laws apply to them, but it is very important to enact best data management practices before a legal circumstance emerges. If the data of 1,000 customers is jeopardized in a cybersecurity incident, that would add up to $7.5 million. If a company takes a proactive method to information privacy, it may alleviate the impact of a data breach, which the government can take into factor to consider when evaluating legal fines. Information compliance is not just important to a business’s day-to-day functions; if done incorrect or not done at all, it can be rather costly for companies of all sizes. That is why in this age, information privacy compliance is essential to a successful service. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.