Companies must comply with the most stringent privacy regulations applicable to them, regardless of their physical location due to globalization and remote work trends.
The correct answer is true. Due to the increasing globalization of business and the prevalence of remote work, companies must be aware of and comply with not only the local and regional laws and regulations for where they are based, but also for the locations where their customers and employees are located. Sometimes, this means adhering to the strictest standards among applicable regulations to ensure full compliance and to avoid legal penalties, as they might be subject to multiple jurisdictions simultaneously.
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What are some examples of stringent privacy regulations companies might have to comply with?
How do companies determine which privacy regulations apply to them?
What are the consequences of failing to comply with privacy regulations?