CCPA Compliance

Are you ready for CCPA compliance? The cost of a data breach has exponentially increased as the size of data increases. The 14th-annual Cost of Data Breach Study found that the average cost of a data breach was $3.92M and, on average, took 279 days to identify and contain. Violations of these regulations could cost you millions. The California Consumer Privacy Act (CCPA) went into effect on January 1, 2020, but covers data going back a year to January 1, 2019.

CCPA Summary

The following is a summary of the rights CCPA affords consumers:

  • Right to know all personal data collected by a business
  • Right to say no to the sale of personal data
  • Right to delete personal data
  • Right to be informed of what categories of personal data will be collected prior to its collection and to be informed of any changes to this collection
  • Mandated opt-in before sale of children’s information (under the age of 16)
  • Right to know categories of third parties with whom personal data is shared
  • Right to know categories of sources of information from whom personal data is acquired
  • Right to know the business or commercial purpose of collecting personal information
  • Private right of action when companies breach personal data

Questions Axis Can Help You Answer

1. How will you report on inferences that are drawn based on data or when personal data is combined with other data?

2. What is household data vs. individual data?

3. Do I have to comply with CCPA?

The answer is “Yes” if you meet one or more of the following criteria:

  • $25M+ annual gross revenues
  • 50K or more consumers, households, or devices have personal information you buy, receive for commercial purposes, sell, or share for commercial purposes each year
  • 50% or more of your annual revenue is derived from selling consumers’ personal information

4. What can happen if I don’t comply with CCPA?

You can be subject to fines!

  • $7,500 in fines for every intential violation
  • $2,500 in fines per non-intentional violation
  • $100 – $750 in damages awarded in individual or class-action lawsuits per violation

CCPA compliance can be costly and confusing. Avoid hefty fines and headaches by reaching out to experts like Axis, with over 20 years of experience, to take care of your data compliance.

Have Questions?