Regulatory Disruption: Is Your Business Ready To Comply With The CCPA?

Is Your Business Ready to Comply with the CCPA

Is Your Business Ready to Comply with the CCPA

In his 3rd article for the Forbes Technology Council, Compliance.ai’s CEO and Co-Founder, Kayvan Alikhani, provides a framework for how businesses can apply technology to be better prepared for the California Consumer Privacy Act (CCPA) – before it goes into effect.

Here are some of the key takeaways:

  • CCPA is scheduled to take effect on January 1, 2020.
    However, a survey by Dimensional Research of 250 executives and managers found that nearly half (44%) haven’t taken any steps towards compliance. Only 14% of respondents are confident they will be ready by the time the CCPA takes effect.
  • CCPA has earned the nickname “GDPR-lite” for mirroring the EU’s GDPR in some regards, but not in others.
    “Even if your organization does not have so much as a single branch office in California, if your customers reside there, you must comply with the regulation.”
  • Technology, while not a magic bullet, is the most cost-effective way to scale up your compliance management efforts quickly.
    When you consider what technology to invest in, there are 5 steps you need to follow in order to accelerate your compliance management.

Read the full post on the Forbes Technology Council.

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