What You Need to Know about CCPA Compliance
Most businesses that handle data of their clients tend to ensure that the information is secured. With the increasing demand for consumer privacy, a number of acts have been set to ensure that the data of clients are safeguarded. If you want to learn more about the California Consumer Privacy Pact, you need to pay attention to the content of this article. The main role of CCPA is to monitor how businesses take care of customer data. One of the roles of CCPA is to assist consumers by empowering them with new rights. Companies that handle consumer data need to practice transparency and also through the act, consumers have a certain degree of control over how their personal information is used by the companies with the aim of reducing misuses.
Here are the key components of CCPA. These include creating an extended definition of personal information, creating new data privacy rights for residents of California, creating a new statutory damages framework in California, as well as introducing new regulations when children`s personal data is used.
One of the questions most people tend to ask about CCPA involves the businesses that have to comply. The confusion regarding the CCPA makes businesses to think that all of them have to comply. Businesses that have to comply with CCPA are only those that operate in California and meet at least one of the following conditions. Some of the minimum conditions that businesses that want to be CCPA compliant need to observe include the following, first a company has to generate over twenty-five million dollars in annual gross revenue. The other criteria that businesses need to observe if they want to be CCPA compliant is by collecting, sharing, buying or selling the data of at least fifty thousand consumers. If you run a business in California and you want to make it complies to the California Consumer Privacy Act, you need to make sure that the business makes at least fifty percent of its revenue from the sale of personal information.
The other thing you need to know about CCPA is the new rights under the act. The following are some of the new consumer right for residents of California. When you are a California resident, you are entitled to the following new rights under CCPA, these include right to know, right to equal service and price, right to access, right to erasure, right to opt-out, and special protection to minors.
Under the right to know, businesses must notify client what personal information is being collected about them, how it’s being collected and used, as well as whether and to whom it’s disclosed or sold. Under the act, the disclosure should happen through a publicly posted privacy notice, and specifically upon request by a consumer. The contents of this article are vital as it will guide you through all you need to know about California Consumer Privacy Act.