What is CCPA and Why Your Business Needs Compliance… ASAP!
If you are not regularly updated on the latest modifications in data protection law, then this is probably the first time you hear about CCPA.
In a nutshell, CCPA is the most recent personal protection data law. Standing for California Consumers Protection Act, this law was passed by the State of California in 2018.
The CCPA came as a result of the continuous importance personal data is taking in today’s modern businesses. With the increasing practices of collecting, storing and using personal data, guaranteeing a faultless protection of personal information has become crucial.
The CCPA applies to any company in the world collecting or using personal data from California residents. Not only that, but the California State intends to make CCPA along with other privacy protection laws more complex by 2020, for every company with an annual gross revenue of $25 million or more.
Therefore, no matter the size of your company, making your company compliant with the CCPA has become a must, especially if you meet the criteria set by the State of California. Otherwise, you will be putting your business at the risk of getting huge fines.
For companies with shortcomings in their compliance with data protection policies even after being notified, the fines can be as high as $7,500 per violation, as set by the General Attorney.
Thus, it is essential to verify your company’s compliance with the CCPA in all its activities including your website, so you can continue your business practices without facing any litigations.
Visit www.cynexlink.com and find out how we can help you be compliant.