California Consumer Privacy Act (CCPA) is bill AB 375 enacted into law on June 28, 2018. It grants California residents new privacy rights that impact how a business collects, stores, processes, and secure personal information. The effective date of CCPA was January 1, 2020, and businesses were needed to implement the compliance by the same date.
For a small business, the initial cost of CCPA compliance is estimated at $25,000 and the annual cost is estimated at $1,500. For other businesses, an estimate of the initial cost is of $75,000 and, an annual cost estimate of $2,500. Depending on how you collect personal information, and its use, these costs can vary. It is cheaper to follow the proposed CCPA regulations as compared to paying the penalties. The cost of CCPA compliance is mainly for IT and legal services.
To help businesses and manufacturers prepare for CCPA, InfoSecEnforcer provides software for CCPA compliance Automation. The company has a team of entrepreneurs and proven leaders in the area of data, security, protection, networking, privacy, and AI.
The software and services offered by InfoSecEnforcer can help you prevent penalties and consumer action under CCPA. From automation & management of consumer privacy requests to speed up data discovery and lookup to substantially preventing data breaches, all are included in their services. InfoSecEnforcer current deployments have covered Office 365, One Drive, G Suite, and more.
For more information visit https://infosecenforcer.com/ccpa-regulations-complete-list-for-compliance/.