What You Need To Know About CCPA
The California Consumer Privacy Act (CCPA) is new regulatory legislation that will effectively change the way consumer data is used. It grants California consumers robust data privacy rights and control over their personal information. This includes the right to know, the right to delete, and the right to opt-out of the sale of personal information that businesses collect. There are also additional protections for minors. CCPA regulations apply to any for-profit entity doing business in California that collects, shares, or sells California consumers' personal data, and:
- Has annual gross revenues in excess of $25 million; or
- Possesses the personal information of 50,000 or more consumers, households, or devices; or
- Earns more than half of its annual revenue from selling consumers' personal information
If a business subject to CCPA compliance is the unfortunate victim of a cyberattack or data breach, there could be significant fines and penalties involved. This makes Stand-Alone Cyber Insurance imperative. This type of coverage is different from a traditional commercial policy, and provides financial relief and expert services specifically related to cyberattacks and data breaches.
As the leading specialists for enterprise-level Cyber Insurance, Cyber Armada Insurance can help you find just the right coverage for your business.