What are the risks under CCPA / CPRA?
Lack of CCPA compliance has two drawbacks or risks. One of the risks is from the California Attorney General (AG). Calfornia AG may impose a fine of upto $7,500 per violation. Is it likely that your business attracts these fines? Starting July 2020, the AG is expected to initiate action. CA legislature has not provided any additional funds to the AG for action. These fines are pooled into a privacy fund, to initiate future actions by authorized prosecutors across California. The second risk is the private right of action by California consumers. In plain English, class action lawsuits. These are highly likely to be triggered because of a data breach. Data breaches are up 54% in the first half of 2019. When your company experiences a data breach, you have to notify your state. It is now publicly available information. The likelihood of a subsequent class action in a California court is very high. It is a good business practice to protect your business from a data breach. This should b