What is the California Consumer Privacy Act (CCPA), and how is compliance determined?
The California Consumer Privacy Protection Act (CCPA) is a new data security law that is set to take effect on January 1, 2020. The law requires businesses transacting in California to cooperate with consumers in requests concerning how their data is being used, prohibiting companies from collecting their data, and requesting the deletion of any already-collected data. It also permits companies to offer financial incentives to consumers for collecting and using their data, and additionally prevents them from selling data belonging to minors under the age of 16 without prior consent. From a security standpoint, businesses must use reasonable security measures and access controls when protecting consumers’ personal data.
Companies with annual gross revenues of more than $25 million are required to comply with the CCPA if they collect consumers’ personally-identifiable data. Business entities of any size and type may also be required to comply if they work with the data of at least 50,000 consumers or derive at least half of their annual revenues from selling consumers’ personal information. Companies could be liable for civil penalties of up to $750 per exposed user or $7,500 per other violation, injunctive or declaratory relief, or other court-approved relief for noncompliance.
How Does California Consumer Privacy Act (CCPA) Hosting Work?
You can meet your future CCPA compliance requirements now by moving your data to the cloud. With Abacus Private Cloud, you can host your software and data on a HIPAA and ePHI-compliant virtual cloud hosting environment that you can use to work with collected consumer data anywhere on any device. In doing so, you’re able to leverage safeguards as 2FA, 256-bit AES encryption, SSL-encrypted servers.
What am I supposed to do in order to audit and maintain compliance with the California Consumer Privacy Act?
Nothing! CCPA auditing and compliance support come bundled into your Abacus Private Cloud account plan at no additional cost.
Are there Abacus Private Cloud Clients Who Would Be California Consumer Privacy (CPPA)-compliant Today?
Yes! Contact us to see how Abacus Private Cloud can help you meet your CCPA compliance requirements.