Starting 01 January 2020, the California Consumer Privacy Act (CCPA) will take effect. Intending to provide more transparency on the collection, use, and sale of data, it provides consumers with more power to determine what happens to their information and who gets to use it. California is breaking new ground with this legislation in the USA. The CCPA is not only emblematic of the surging awareness about the value of personal data, it also sets the bar for future laws to come.
As the fifth largest economy in the world and the home state of the world’s most powerful tech companies in Silicon Valley, California has the potential to set an example with its legislation and lay out the blueprint for related data privacy and data protection acts. The CCPA will bring far-reaching changes for consumers as far as their rights are concerned, but many enterprises will also be affected if they want to conduct business in California as they will need to follow strict rules, particularly when it comes to the collection and selling of personal data.
With legislation such as the CCPA in effect, for enterprises there is an even stronger incentive to tighten up their digital security and data protection measures. In cases of data theft or breaches due to industrial espionage or hacking attacks, enterprises will be held responsible if consumers’ data is affected (all ordinary financial damages aside). Given the number of data breaches and their implications for business over the last few years, enterprises are therefore in dire need of elevating the protection of their data.
Data breaches and exposed records in the United States continue to pose a great threat to enterprises' data security and their compliance with legal regulations, leaving personal information of customers vulnerable to unauthorised third parties.
As a German software developer with many years of experience, we are very familiar with challenges new legislation on data security and data privacy presents to enterprises. This is precisely why we keep adapting our communication solution Cryptshare to the ever-changing requirements and needs in a digital world. The implementation of the General Data Protection Regulation (GDPR) in Europe has additionally provided us with valuable insights and experience. We have developed features such as the protective email classification and comprehensive policy settings, including customisable retention periods for transfers, in order to be compliant with such legislation.
Since we don’t regard security of data in transit as a destination, but rather as an ongoing process, we will continue our work to make Cryptshare the best-suited solution for enterprises’ digital security needs in the 21st century.
Please feel free to get in touch if you want to find out more on how Cryptshare can help you comply with the CCPA!