No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

Survey Reveals 88% of U.S. Companies Need Help Complying with California Consumer Privacy Act (CCPA)

by Corporate Compliance Insights
March 19, 2019
in GRC Vendor News
megaphone shouting are you ready?

New findings from TrustArc uncover state of CCPA readiness, investments and plans to comply before January 2020 deadline

SAN FRANCISCO (March 19, 2019) – TrustArc, the leading privacy compliance company, today announced results from a survey conducted by Dimensional Research that gauges the readiness of U.S. companies and their plans for complying with the California Consumer Privacy Act (CCPA), as compared to the General Data Protection Regulation (GDPR).

Key findings from the research highlight that with less than 10 months to the deadline, only 14 percent of companies surveyed are compliant with CCPA, and 44 percent have not yet started the implementation process. Of companies that have worked on GDPR compliance, 21 percent are compliant with CCPA, compared to only 6 percent for companies that did not work on GDPR.

“At TrustArc, we’ve seen a significant increase in the number of customers coming to us for support to comply with CCPA,” said Chris Babel, CEO of TrustArc. “Companies that took the steps to comply with GDPR are already ahead of the game and will have an easier path to meet the requirements of CCPA. The companies that did not work on GDPR compliance will be under the gun to implement scalable compliance processes by the January 1, 2020 deadline.”

The CCPA is set to be the toughest privacy law in the United States, broadly expanding the rights of consumers and requiring businesses within scope to be significantly more transparent about how they collect, use and disclose personal information. The CCPA compliance deadline is January 1, 2020 and will impact tens of thousands of businesses worldwide that have customers or employees located in California.

Additional findings from the TrustArc and Dimensional Research survey include:

Investments to comply run high

  • 71 percent of companies expect to spend more than six figures to comply with CCPA
  • 1 in 5 expect to spend more than $1 million to achieve CCPA compliance
  • For companies that were not impacted by GDPR, 79 percent will spend more than six figures to comply with CCPA, compared to 61 percent who have worked on GDPR compliance

Companies need help to understand and plan for CCPA

  • 88 percent require external help to understand CCPA requirements
  • 72 percent plan to invest in technology to prepare for CCPA, while 61 percent plan to spend on consulting expertise
  • 64 percent of companies need help developing their CCPA privacy plan

Motivations for complying with CCPA vary

  • 62 percent of respondents list that the top motivation to comply is to meet partner and/or customer requirements
  • 45 percent list internal reporting requirements and 41 percent supporting company values
  • 35 percent list the risk of fines or class action lawsuits as the top driver, and 18 percent the risk of negative media coverage

To download the complete findings, please visit: trustarc.com/ccpa-research

To learn more about TrustArc CCPA solutions, visit: trustarc.com/products/ccpa-compliance

About the Research

The survey was fielded online from February 15 to February 27, 2019 to 250 IT and privacy/legal professionals with responsibility for privacy at companies in the United States required to meet CCPA compliance. Company size ranged from 500 to more than 50,000 employees from a cross-section of industries, including technology, manufacturing, business services and financial services and insurance.

About TrustArc

TrustArc, the leader in privacy compliance and data protection for over two decades, offers an unmatched combination of innovative technology, expert consulting and TRUSTe certification solutions that together address all phases of privacy program management. The TrustArc Platform, fortified over eight years of operating experience across a wide range of industries and client use cases, along with our extensive services, leverage deep privacy expertise and proven methodologies, which have been continuously enhanced through thousands of customer engagements. Headquartered in San Francisco and backed by a global team across the Americas, Europe and Asia, TrustArc helps customers worldwide demonstrate compliance, minimize risk and build trust. For more information, visit the TrustArc website, blog and LinkedIn.


Tags: California Consumer Privacy Act (CCPA)GDPR
Previous Post

Workplace Misconduct: Laying the Groundwork for a Successful Internal Investigation

Next Post

Proposed Privacy Legislation Grows at the State Level

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

virginia flag

Virginia Is for Lovers (of Data Privacy)

by Alex Tray
May 17, 2023

In the three years since California implemented its landmark data privacy act (CCPA), more than 20 other states have considered...

abc blocks

Data Privacy Rules Even a Kindergartener Can Understand

by Arlo Gilbert
May 3, 2023

Regulations on consumer data privacy can get complex, but one thing should remain simple: Responsible data governance means simply doing...

california state flag

CCPA Analysis: 320 Suits Filed to Enforce Data Privacy Protections So Far

by Staff and Wire Reports
April 5, 2023

In the first three years of its existence, 320 lawsuits have been filed in 28 states attempting to enforce provisions...

gdpr

UK Resurrects Data Protection Reforms, EU Court Rules on GDPR in Civil Cases

by Jonathan Armstrong and André Bywater
March 15, 2023

Recent courtroom and legislative action in Europe will likely have ripple effects around the world for companies subject to regulations...

Next Post
judge's gavel on silver laptop

Proposed Privacy Legislation Grows at the State Level

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment Sanctions SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT