Study Shows Only 12% of Companies Are Ready For New CCPA Data Privacy Regulation
With just six weeks to go before the new California Consumer Privacy Act (CCPA) goes into effect on January 1, 2020, a surprisingly large percentage of companies are still not ready to handle the compliance demands of the new data privacy regulation. According to a study of 85 companies by New York-based data privacy technology company Ethyca, only 12% of companies have reach an “adequate state of compliance” ahead of the new data privacy regulation becoming law. Moreover, nearly four in ten companies (38%) need at least 12 months to become compliant. With the state attorney general’s office in California suggesting that enforcement actions will begin immediately, that could present a number of problems for compliance laggards.