New Report Suggests Initial Compliance Costs for CCPA Could Reach $55 Billion

For months, there has been speculation about how much the new California Consumer Privacy Act (CCPA) would wind up costing California businesses as they prepare for the sweeping new privacy legislation, which is set to go into effect on January 1, 2020. According to a new economic impact assessment prepared for the California state attorney general by independent economic research firm Berkeley Economic Advising and Research, initial CCPA compliance could cost companies as much as $55 billion. In addition, there will be compliance costs related to ongoing compliance with the privacy legislation.

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