On January 1, 2020, new data privacy requirements took
effect that impact thousands of businesses, regardless of
their location, that leverage personal data connected to the
nearly-40-million California residents, their households,
and devices. Though some uncertainties remain about
how the California Consumer Protection Act (CCPA) will be
interpreted and enforced, failure to address this pioneering
data privacy law can lead to hefty losses.
Fast on the heels of the EU's General Data Protection Regulation
(GDPR), many U.S. state legislatures have proposed new regulations
to provide their consumers with increased transparency and control
over their personal data. Signed into law in 2018, CCPA covers a broad
range of personal information, creates a private cause of action for
consumers affected by data breaches, and imposes new requirements
on businesses even beyond those of GDPR. While there is no singular
roadmap to "CCPA compliance," there is no shortage of good strategies
for companies to prepare for this rapidly-changing regulatory landscape.
And the DocuSign Agreement Cloud can help. Here are five key
strategies critical to CCPA readiness.