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Follow on Google News | 5th State of CCPA, CPRA and GDPR Compliance Report Shows More Than 90% of Companies Are Not ComplianAs CPRA went into effect on January 1, latest CYTRIO research says 91% of companies still uncompliant with GDPR; 92% not compliant with CCPA and CPRA
By: CYTRIO "The requirements that companies are facing today related to data privacy regulations are steadily increasing," GDPR continues to be actively enforced with fines totaling in excess of $2.5 billion and total number of fines under GDPR reaching 1,462 as of the end of Q4 2022. Key findings of the research showed 53.2% of companies stated they need to comply with CCPA but do not provide a mechanism for consumers to exercise their data privacy rights. Further, 38.6% of companies are using expensive and error prone manual processes. Four percent of companies that were using manual processes in Q1 2022 moved to compliance automation solutions, while 11% of non-compliant companies moved to a manual process to comply with CCPA by Q4 2022, indicating companies are slowly moving up the CCPA/GDPR compliance maturity curve. This year, data privacy regulations go into effect in Virginia, Colorado, Utah, and Connecticut, while several other states are expected to approve a data privacy regulation. To view an infographic summarizing CYTRIO's research findings, visit: https://cytrio.com/ To access the full findings of CYTRIO's most recent data privacy research, go to: https://cytrio.com/ All trademarks recognized. # End
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