Firms should replace privateness insurance policies for the CPRA efficient date


To assist companies perceive and benchmark business follow, Greenberg Traurig attorneys analyzed publicly out there privateness insurance policies of corporations inside the Fortune 500.[1] By October 2022 – almost two years after the CCPA went into impact – 71% of corporations had up to date their privateness insurance policies in step with the CCPA.[2] It’s unclear whether or not the speed at which Fortune 500 corporations replace their privateness insurance policies is consultant of the speed at which small, rising, or mid-sized corporations replace their privateness insurance policies. Since many small corporations could not meet the minimal threshold for compliance with the CCPA, it’s doable that fewer small corporations have up to date their privateness insurance policies for the CCPA.


[1] Greenberg Traurig LLP reviewed the publicly out there privateness insurance policies and practices of 554 corporations (the survey inhabitants). The survey inhabitants contains corporations that had been ranked on the Fortune 500 sooner or later within the final 5 years, in addition to further corporations chosen from industries which might be underrepresented within the Fortune 500. Whereas the survey inhabitants doesn’t precisely match the present Fortune 500 because of business consolidation and modifications in firm capitalization, we consider that the combination figures supplied from the survey inhabitants are consultant of mature corporations. The newest survey by Greenberg Traurig was carried out between September and October 2022.

[2] Notice that whether or not or not an organization has up to date its privateness coverage for the CCPA isn’t essentially a sign that the corporate is compliant with California privateness legal guidelines. For instance, an organization that has not up to date its privateness coverage to the CCPA, however isn’t topic to the legislation (i.e., doesn’t do enterprise in California), is not going to be out of compliance.

©2022 Greenberg Traurig, LLP. All rights reserved. Nationwide Legislation Evaluate, Quantity XII, No. 322



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