The European GDPR (General Data Protection Regulation) is one of the most influential consumer privacy laws that has affected 500,000 companies throughout the world. This law has played a crucial role in formulating another substantial privacy law known as the California Consumer Privacy Act that came into effect on January 1, 2020.
GDPR recently breezed past its second birthday and, like many two-year-olds, continues to cause concern and confusion for those who have to deal with it. Unlike real two-year-olds, however, GDPR is quite clear in what it demands and there could be big consequences if they are not met. For businesses, failure to meet GDPR’s requirements represents an increased risk of data breaches and the reputational damage and legal repercussions that breaches inevitably lead to.
The global cases of Novel Coronavirus are continually ticking upward in most parts of the world, and with every new case come further questions about the patients. Hospitals, governments and even general population is interested to know who the affected people are, what their health history is, which locations they visited, and who they interacted with prior to receiving positive test results.
How to allow customers to easily request data privacy under the California Consumer Privacy Act Julie, who recently took up baking cupcakes as a hobby, is furious—and not about her culinary skills. She hadn’t realized how much of her personal information the company from which she bought her supplies had harvested and sold, without her express permission.
The California Consumer Privacy Act (CCPA) is a new act that strengthens and unifies data protection for consumers by giving California residents more control over their personal information. This regulates not only how it is collected and used, but also, how it is sold by companies. The CCPA went into effect January 1, and enforcement will begin July 1.
In April 2016, European legislators passed the General Data Protection Regulation (GDPR) and announced that it would become enforceable in May 2018. With less than 24 months to get their acts together and avoid hefty fines, organizations scrambled to prepare for compliance. Data breaches have unfortunately become the norm over recent years, and the legislation was formed to better regulate and hold these companies accountable for protecting individual privacy rights.
A growing attack surface and the exponential rise of data has opened the floodgates for breaches, leading to increased scrutiny by regulatory agencies. It’s not surprising that in recent years, regulators have had to double down with compliance mandates that are more stringent and punitive than ever before.
The Sarbanes-Oxley Act of 2002 (SOX) was passed by the United States Congress to protect the public from fraudulent or erroneous practices by corporations or other business entities. The legislation set new and expanded requirements for all U.S. public company boards, management, and public accounting firms with the goal to increase transparency in financial reporting and to require formalized systems for internal controls. In addition, penalties for fraudulent activity are much more severe.