Difference between revisions of "California Consumer Privacy Act"

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When the 2014 JP Morgan Chase data breach happened, the inner workings of the California Consumer Privacy Act were still in the early stages of development. Sensitive information of third parties was exposed for more than a month before the breach was discovered. Consumers were frightened by the amount of personal information that these huge organizations acquired, and their distrust in corporations increased significantly as a result <ref> Davis, Lauren. "The Impact of the California Consumer Privacy Act on Financial Institutions Across the Nation." North Carolina Banking Institute, vol. 24, Mar. 2020, pp. 499+. Gale Academic OneFile, link.gale.com/apps/doc/A619741660/AONE?u=umuser&sid=bookmark-AONE&xid=fd7dd585. Accessed 6 Feb. 2022.</ref>.
 
When the 2014 JP Morgan Chase data breach happened, the inner workings of the California Consumer Privacy Act were still in the early stages of development. Sensitive information of third parties was exposed for more than a month before the breach was discovered. Consumers were frightened by the amount of personal information that these huge organizations acquired, and their distrust in corporations increased significantly as a result <ref> Davis, Lauren. "The Impact of the California Consumer Privacy Act on Financial Institutions Across the Nation." North Carolina Banking Institute, vol. 24, Mar. 2020, pp. 499+. Gale Academic OneFile, link.gale.com/apps/doc/A619741660/AONE?u=umuser&sid=bookmark-AONE&xid=fd7dd585. Accessed 6 Feb. 2022.</ref>.
  
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In 2017, an early version of the CCPA was drafted, but its implementation was delayed by institutional powers, such as the major tech companies, that opposed the law. In 2018, a privacy advocate named Alaistair Mactaggart helped reintroduce the law to the ballot. The law was successfully passed, and it was the first step in securing the data privacy of consumers <ref>
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Despite the fact that an early version of the CCPA was drafted in 2017, its implementation was delayed due to opposition to the law by institutional authorities such as big technology corporations. In 2018, a privacy advocate by the name of Alaistair Mactaggart worked with the legislature to reintroduce the legislation to the vote. The bill was effectively passed, and it represented a significant step forward in the protection of consumer data privacy <ref>Baik, Jeeyun (Sophia). “Data Privacy against Innovation or against Discrimination?: The Case of the California Consumer Privacy Act (CCPA).” Telematics and Informatics, vol. 52, 2020, p. 101431. Crossref, https://doi.org/10.1016/j.tele.2020.101431.</ref>. It became formally effective and began to be enforced in 2020, with the official start date being in early 2020.
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Baik, Jeeyun (Sophia). “Data Privacy against Innovation or against Discrimination?: The Case of the California Consumer Privacy Act (CCPA).” Telematics and Informatics, vol. 52, 2020, p. 101431. Crossref, https://doi.org/10.1016/j.tele.2020.101431.</ref>. It officially began taking effect and started being enforced in 2020.
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== Personal Information ==
 
== Personal Information ==

Revision as of 17:26, 6 February 2022

The California Consumer Privacy Act (CCPA) gives customers more say over the personal information that businesses and corporations acquire about them. This law was created partly in response to consumers' rising distrust in how businesses were using their information, especially after several high profile security breeches at financial institutions [1]. Although only applicable to California residents, the law gives consumers several important rights, including the right to know what information a business has on them and how it is used or shared, the right to delete collected personal information, the right to opt-out of the sales of collected personal information, and the right to not be penalized or discriminated against for exercising their CCPA rights. Businesses must also provide notices to customers describing their privacy policies [2]. This transformative law has different parties who are stakeholders: the consumers and the corporations. Each side has strong opinions regarding the law and how they affect their best interests. There are also other similar frameworks to compare the CCPA to that will offer an objective point of view of its effectiveness [3].

History

When the 2014 JP Morgan Chase data breach happened, the inner workings of the California Consumer Privacy Act were still in the early stages of development. Sensitive information of third parties was exposed for more than a month before the breach was discovered. Consumers were frightened by the amount of personal information that these huge organizations acquired, and their distrust in corporations increased significantly as a result [4].

Despite the fact that an early version of the CCPA was drafted in 2017, its implementation was delayed due to opposition to the law by institutional authorities such as big technology corporations. In 2018, a privacy advocate by the name of Alaistair Mactaggart worked with the legislature to reintroduce the legislation to the vote. The bill was effectively passed, and it represented a significant step forward in the protection of consumer data privacy [5]. It became formally effective and began to be enforced in 2020, with the official start date being in early 2020.

Personal Information

To begin, it should be emphasized that the CCPA's definition of "personal information" includes a broad range of technological data identifiers. Personal information is defined as “information that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular consumer or household” in the 2018 version of the CCPA [6].

Involved Parties

Consumers

Businesses

Corporate Opinion

Consumer Opinion

Consumer Literacy

Similar Privacy Frameworks

References

  1. ↑ Davis, Lauren. "The Impact of the California Consumer Privacy Act on Financial Institutions Across the Nation." North Carolina Banking Institute, vol. 24, Mar. 2020, pp. 499+. Gale Academic OneFile, link.gale.com/apps/doc/A619741660/AONE?u=umuser&sid=bookmark-AONE&xid=fd7dd585. Accessed 28 Jan. 2022.
  2. ↑ Bukaty, Preston. The California Consumer Privacy Act (CCPA) : An Implementation Guide, IT Governance Ltd, 2019. ProQuest Ebook Central, https://ebookcentral-proquest-com.proxy.lib.umich.edu/lib/umichigan/detail.action?docID=5798680
  3. ↑ Das, Ravi. “Cybersecurity Risk.” Assessing and Insuring Cybersecurity Risk, 2021, pp. 112–115., https://doi.org/10.1201/9781003023685-1.
  4. ↑ Davis, Lauren. "The Impact of the California Consumer Privacy Act on Financial Institutions Across the Nation." North Carolina Banking Institute, vol. 24, Mar. 2020, pp. 499+. Gale Academic OneFile, link.gale.com/apps/doc/A619741660/AONE?u=umuser&sid=bookmark-AONE&xid=fd7dd585. Accessed 6 Feb. 2022.
  5. ↑ Baik, Jeeyun (Sophia). “Data Privacy against Innovation or against Discrimination?: The Case of the California Consumer Privacy Act (CCPA).” Telematics and Informatics, vol. 52, 2020, p. 101431. Crossref, https://doi.org/10.1016/j.tele.2020.101431.
  6. ↑ Baik, Jeeyun (Sophia). “Data Privacy against Innovation or against Discrimination?: The Case of the California Consumer Privacy Act (CCPA).” Telematics and Informatics, vol. 52, 2020, p. 101431. Crossref, https://doi.org/10.1016/j.tele.2020.101431
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