Almost Half of Companies Haven't Started California Consumer Privacy Act Compliance, Survey Shows
A recent survey finds that 44 percent of companies that will impacted by the California Consumer Protection Act haven't yet taken steps towards compliance.
March 26, 2019 at 08:00 AM
3 minute read
The original version of this story was published on Legal Tech News
California Consumer Privacy Act (CCPA) compliance is likely to be a long and expensive ordeal, according to a survey of 250 executives and managers at U.S. technology, manufacturing, financial services, utilities and health care companies.
The state's forthcoming privacy regulation, which is scheduled to take effect on Jan. 1 2020, empowers Californians with more control over the way their data is collected, shared or viewed by U.S. companies on a daily basis. According to the survey, a large majority of respondents, 71 percent, expect to spend at least $100,000 on compliance efforts. But consulting attorneys may not wind up seeing as much of that money as one might think.
“The legal fees are going to play a role, but I don't think the legal fee is going to be the largest chunk of the expense. It will really be the in-house kind of grind that needs to be done in order for the compliance steps to be in place,” said Jarno Vanto, a shareholder at Polsinelli.
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