California Consumer Privacy Act

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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

Personal Information

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.