Boston, December 19, 2019 – With the accelerating digital and technology revolution, business use of personal information has exploded, and with so many recent major data security lapses, individuals worldwide no longer fully trust that private companies are protecting their personal data. They are taking action and are demanding greater transparency and accountability, greater control, and greater rights and protections. January 1, 2020, marks a significant milestone in the U.S. data privacy and security landscape—it’s the date on which the California Consumer Privacy Act, the most comprehensive U.S. data privacy legislation enacted to date, goes into effect.
This report outlines the key provisions within the CCPA, highlights the primary impacts on FIs, and recommends essential actions that FIs should take as they rethink and elevate their data management practices and achieve CCPA compliance. It is based primarily on research of publicly available material on the CCPA.
This 23-page Impact Report contains two tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.
About the Author
Chuck Subrt
Charles (Chuck) Subrt is the Director of Datos Insights' Fraud & AML practice, and he covers anti-money laundering and compliance issues. Chuck brings 20 years of legal and compliance experience and a deep expertise advising business leaders, driving change, and establishing strong, self-sustaining AML and financial crime compliance and risk management programs at a global financial services company. For the past 10 years, Chuck led multiple compliance functions for Sun...