The CCPA (California Consumer Privacy Act) is a state-level data privacy law that governs how firms from all over the world can get personal information (PI) about California citizens. It came into force on January 1, 2020. It is the first statute of its sort in the United States that is geared toward consumers and protects their personal information.
To Whom CCPA is Applicable?
The CCPA only applies to businesses doing business in California that meet one or more of the following criteria each year:
- Businesses that make at least half of their annual revenue from selling the personal information of customers.
- Business That earns a gross annual income of more than $25 million, or
- Purchases, sells, or shares the pi of more than 50,000 people.
What are The Basic Provisions of CCPA?
Since data breaches, misuse, theft, and loss are all too common, the CCPA aims to protect the state’s people’s data from such harm. The CCPA contains critical measures that apply strictly to California residents. For example:
- Right to Information
- Right to Equal Service
- Right to Access
- Right to Data Removal
- Right to Sign-out or Opt-out
Does Prospect Wallet Comply With CCPA?
Prospect Wallet adheres to the CCPA’s rules and regulations (California Consumer Privacy Act.) We always act responsibly when it comes to data privacy and make sure that our regulations are followed in every country where we have consumers. Our privacy management staff ensures that all necessary safeguards are in place to avoid spam and other mishaps. As a data provider, we never jeopardize data privacy and take appropriate precautions to prevent security breaches. Our clients place a high value on our services, and we strive to maintain that trust at all times. Prospect Wallet was ready with advanced methods to ensure we regulated CCPA in an organized manner when many service providers panicked during the implementation of the CCPA.
We adopted some of these steps to adhere and comply with CCPA:
- Evaluated and segmented personal data
- Analyzed our data governance potential
- Gathered information from a variety of sources.
- Revised and updated current privacy policies
- Used the act of monitoring the procedure to ensure that it was followed at all times.
- Examined and improved privacy safeguards
- Improved technology to avoid sluggish system performance
- Created a CCPA program management team to oversee operations.