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.
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