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How To Stay CCPA Compliant With LoginRadius
As the risk of data abuse is on the rise, more and more companies are seeking to adhere to the existing data privacy and regulatory compliances.
From the EU’s General Data Protection Regulation (GDPR) to the recently released California’s Consumer Privacy Act (CCPA), each regulation has a unique strategic imperative.
- The European Union’s GDPR came into force on May 25, 2018, to protect the personally identifiable information (PII) of its citizens.
- Likewise, on January 1, 2020, the California Consumer Privacy Act (CCPA) went live, affecting millions of companies with its share of new consumer rights.
Businesses cannot afford to ignore these new policies. From a financial point of view, the European supervisory authorities imposed as many as 133 administrative penalties by the end of 2019, which sums up to a massive fine of approximately €400 million (£337 million).
Businesses need to understand that customers are the sole drivers of the economy, and a trusted relationship with them will lead to loyalty and boosted revenue generation.
On a similar note, enterprises are often curious if LoginRadius, as a customer identity and access management (CIAM) platform, meets regulatory requirements of the popular data protection laws.