Which of the following describes a key risk of non-compliance with the Data Privacy Act?

The key risk of non-compliance with the Data Privacy Act is best represented by the possibility of legal penalties and diminished trust. Compliance with data privacy regulations is crucial for protecting individuals' personal information and maintaining the integrity of data handling practices. Failure to adhere to these regulations can result in significant legal repercussions, including hefty fines, sanctions, and other punitive measures imposed by regulatory authorities.

Moreover, non-compliance can severely damage an organization's reputation, as customers and clients may lose trust in a company that fails to protect their data. This erosion of trust can lead to decreased customer loyalty, reduced business opportunities, and a tarnished brand image. Ultimately, the risk of facing legal consequences and losing the confidence of stakeholders highlights the critical importance of compliance with the Data Privacy Act.