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Analysis Of Attorney General Regulations To The CCPA– Part 1: Notices To Consumers - Privacy Protection - United States - Mondaq

Analysis Of Attorney General Regulations To The CCPA– Part 1: Notices To Consumers - Privacy Protection - United States - Mondaq | The CYDigital Blog | Scoop.it
Overview:
Article 2 (see pages 3 through 10) of the California Attorney General's CCPA draft regulations specify certain notices that must be given to consumers at the time of collection of their personal information, including consumers' rights to opt-out of the sale of their personal information, and notices of financial incentives a business may offer in exchange for consumers' personal information. Article 2 also provides specific CCPA requirements for company privacy policies.

Key Elements:
ALL notices given to consumers must meet the following requirements:

Easy to read language that is understandable to an average consumer, and avoid technical or legal jargon
Available in all languages that business provides contracts, disclaimers, etc.
Accessible to consumers with disabilities
Include all required information, or link to the section of the privacy policy that contains the required information
CYDigital/marteq.io's insight:

US businesses need a nationwide program vs. state by state. 

 

Curated by CYDigital: Empowering Marketers, One Blockchain at a Time https://cyd.digital #zeropartydata #martech #marketing

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Initial CCPA Compliance Costs Could Hit $55 Billion: Study - Bank Info Security

Initial CCPA Compliance Costs Could Hit $55 Billion: Study - Bank Info Security | The CYDigital Blog | Scoop.it
The California Consumer Privacy Act could cost companies in the state a total of $55 billion for initial compliance expenses, according to a new study prepared for the state attorney general's office. The landmark privacy legislation is slated to go into effect on Jan. 1, 2020.

The study, prepared by independent researchers at Berkeley Economic Advising and Research, was made public by the Department of Finance in late September.

The report portrays the $55 billion figure as a rough estimate of initial compliance costs for the 75 percent of California companies that will be required to adhere to the new law.
CYDigital/marteq.io's insight:

Holy crap!

 

Curated by CYDigital: enabling Marketers to discover extraordinary opportunities from their data https://cyd.digital

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