Is your business compliant with the new California Consumer Privacy Act? Did you know the new CCPA requires many Minnesota businesses to comply with these requirements or face fines or legal action? Read on for information on how the experts at Barna, Guzy & Steffen are helping clients navigate the cybersecurity and privacy law landscape. Understanding cybersecurity and data breach laws The area of cybersecurity and privacy law is rapidly evolving. Now more than ever, companies face new compliance obligations, greater liability risk, and legal uncertainty from data breaches or privacy misconduct resulting in massive lawsuits. The passage of the California Consumer Privacy Act has led to sweeping nationwide legislation for companies to adopt appropriate data practices and manage the risks associated with new cybersecurity landscape. Steps toward compliance The first step toward compliance is understanding where and how your data is being collected, how it’s shared, and with whom – vendors, third parties, etc. Even if your business is not subject to the CCPA, you may still benefit from assessing your data-collection practices relative to enterprise risks. Next, it’s a good idea to review and update any internal privacy and security policies. The CCPA requires companies to tell consumers what type of third parties with whom you share information. Create processes to…
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