Research from Cytrio shows most companies remain exposed to CCPA and GDPR compliance fines
As enforcements begin to take effect, over 90% risk enforcement penalties
BOSTON —Cytrio published the findings from its research on the state of companies’ readiness to comply with the California Consumer Privacy Act (CCPA), California Privacy Rights Act (CPRA), and the European Union’s General Data Protection Regulation (GDPR). The research indicates 91% of companies across all verticals, states, and business size that must comply with CCPA are still not prepared to meet the requirements. Further, 94% of companies that must comply with GDPR are ill-prepared to meet the requirements.
“The majority of companies that must meet CCPA, CPRA, and GDPR compliance have a long way to go, and with enforcements looming, many are exposed to compliance enforcement fines and private-right of-action,” said Vijay Basani, founder and CEO of Cytrio. “Through our ongoing research, we aim to educate the market on the importance of data privacy rights compliance, the need to enable consumers to easily exercise their data privacy rights, and how companies can build trust with their customers leveraging automated Data Subject Access Request (DSAR) submission and response solutions.”