Any business that collects or sells a California resident’s personal information must comply with the California Consumer Privacy Act. And a breach of that data can be very costly.
The fine imposed in the Act is up to $750 per consumer per incident. Keep in mind that a recent study by IBM Security and the Ponemon Institute, 2018 Cost of a Data Breach Study: Global Overview, found that the average size of a data breach in the U.S. is 31,465 compromised records. That means the average breach could cost a company over $23.5M in fines.
Do you feel confident that you can prevent authorized users from performing unauthorized activities in your business critical applications? If someone is accessing your customer data who shouldn’t be, are you able to uncover that? And are you prepared to quickly determine the impact if there is a breach?
Download this white paper to get up to speed on the California Consumer Privacy Act and the steps you need to take now to protect the enterprise.