As the year draws to a close, many businesses and cyber insurers are preparing for the California Consumer Privacy Act (CCPA), whose compliance deadline is set for January 01, 2020 with a six-month grace period before enforcement of the law officially starts.
According to PwC, the top five CCPA requirements that will likely have the most significant impact on companies serving or employing California’s residents include data inventory and mapping of in-scope personal data and instances of selling data, newly introduced individual rights to data access and erasure as well as to opt-out of data selling, the updating of service-level agreements with third-party data processors, and remediation of information security gaps and system vulnerabilities.
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