CCPA is an honest attempt to give consumers control of their own data. It also seeks to prevent companies from misusing consumer data that is stored, transferred and/or ‘sold’. CCPA goes into effect January 1st 2020. Other states are likely to follow suit in the near future.
Key Notes
- - Consumers have the right to know ‘what categories of personal information a business has collected about them and their children.’
- - Consumers have the right to know ‘whether a business has sold this personal information, or disclosed it for business purpose, and to whom’
- - Businesses must ‘disclose to California consumer if it sells any of the consumer’s personal information’ and allow the ‘consumer to tell the business to stop selling the consumer’s personal information.’
- - A Business must not deny, change or charge more ‘for a service if a California consumer requests information about the business’s collection or sale of the consumer’s personal information, or refuses to allow the business to sell the consumer’s personal information.’
- - Businesses are required to ‘safeguard California consumers’ personal information’ and will be held accountable ‘if such information is compromised as a result of a security breach arising from the business’s failure to take reasonable steps to protect the security of consumers’ sensitive information.’
Which companies does this affect?
- - Companies that serve California residents
- - Have at least $25 million in annual revenue
- - Have personal data on at least 50k people or collect more than 50% of their revenues from the sale of personal data.
For more info and to see the full initiative please visit https://www.caprivacy.org/