What is Consequences of not having a privacy policy?
Nexa Consultancy | Startup & Finance Glossary
Not having a clear, accessible privacy policy on your website or app is a major compliance failure. Under laws like the DPDP Act, it can lead to penalties. It also erodes user trust and can be a red flag for investors during due diligence.
Startup Example: An e-commerce startup collects user data but does not have a privacy policy explaining how the data is used. This is a violation of data protection laws and makes the company look unprofessional to customers and investors.
Drafting terms of service and privacy policies is part of our legal services.