Find out how to avoid major fines by becoming CCPA compliant as quickly as possible with MatrixPoint.
With a maximum penalty of $7,500 per offense, failure to comply with the CCPA can quickly become quite costly, so it’s important for all businesses to become CCPA compliant as soon as possible to avoid any potential fines, fees or penalties.
The CCPA applies to businesses pulling in $25 million or more a year in revenue, managing records of more than 50,000 consumers, or generating half of their earnings by selling consumer data. If any of these conditions apply to your business, then CCPA compliance will be essential to protecting it from being hit with massive fines, fees and penalties.
In a word: no. Because the CCPA requires such a complicated response, there really aren’t any shortcuts to getting compliant with the new regulations.
With that said, the first step to getting compliant is understanding what exactly the CCPA requires your business do, and the fastest way to figure that out would be to get assistance from a data compliance expert who specializes in the CCPA.
For help in getting your business CCPA compliant quickly, contact MatrixPoint for a free consultation by calling 800-683-6983 or filling out our contact form
Data mapping is an important part of the CCPA compliance process. It is not directly required by the CCPA, but organizing your consumer data will make the compliance process far more efficient. Data mapping is the process of organizing and categorizing what type of information you collect, where you store it and what you do with it.
To ensure efficient and quick CCPA compliance, businesses should have all of their legally required information readily available upon request. This can be done in several ways, but appointing a specific employee or team of employees to be in charge of this process is a common solution.
Most companies will need to assign an employee or a department to be responsible for organizing access to all of the collected consumer information, understanding and being able to explain data use policies, and identifying if and how any 3rd party service providers are getting access to consumer data, as CCPA regulations require that your company is capable of clearly explaining all of these processes to any consumer who requests the information.
CCPA compliance guidelines may be complicated, but there are several clear steps that your company can take to start moving towards compliance quickly, including:
Failure to comply with any of the requirements of the CCPA will result in fines, fees, and penalties. To protect your business against these, it will be critical to organize, categorize and examine all of the consumer information that your business collects, stores, or has access to. The requirements of the CCPA shouldn’t necessarily force you to do a total overhaul of your organization, but changes are likely to be necessary.
The easiest way to get CCPA compliant quickly will be to hire a data protection privacy expert who can review your business practices for you and inform you of exactly what needs to be done to ensure compliance with the new regulations.
If your business isn’t prepared to handle CCPA requests, then it may be hit with significant fines, fees, and penalties, so it’s important to pay close attention to the new CCPA regulations and ensure that you have a plan in place for dealing with all these new privacy protection requirements.
For assistance in getting your company CCPA compliant quickly, schedule a free consultation with MatrixPoint.
Call us at 800-683-6983, or simply fill out our contact form.