This is a preview of one of the articles in the new KROST Quarterly Technology Issue, titled “CCPA: California Enforces New Privacy Laws Impacting all Businesses Collecting Data” By Steve Chhour, CPA and Keith Hamasaki, CPA.
In recent years, the security of consumer data has been under significant scrutiny by all types of security organizations and governmental bodies around the world. Endless amounts of personal data are gathered by businesses daily. The European Union took the first step toward changing the data security landscape by implementing the General Data Protection Regulation (GDPR). The GDPR framework established new standards on data protection and privacy for all citizens of the European Union countries.1 It didn’t take long for California to follow suit with the California Consumer Privacy Act (CCPA).
California Consumer Privacy Act
California is home to approximately 40 million residents and has one of the largest economies in the world, with a gross domestic product of approximately $3 trillion. By enacting the CCPA, effective January 1, 2020, California became the first state to establish a statewide consumer privacy law. The CCPA is a comprehensive framework to protect… Continue here »
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KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 3, Issue 1 highlights some of the hot topics in the technology industry, including technology trends in media entertainment, privacy laws, 83(b) elections, R&D tax credits for software development, quantum computing, and more.