Today Begins Mandatory Compliance – Ensure Your Company is Prepared
RALEIGH, N.C., January 1, 2020 – Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leading data security and privacy software company, wishes everyone a very happy new year, while reminding everyone that the California Consumer Privacy Act (CCPA) has taken effect.
What is the California Consumer Privacy Act (CCPA)?
Signed into law by California Governor Jerry Brown on June 28, 2018 and effective today, the CCPA is a comprehensive data privacy law, which is comparable to privacy laws in the European Union (General Data Protection Regulation) and the Canada (The Digital Privacy Act).
The CCPA is designed to strengthen data security requirements for businesses and other organizations and give consumers – California residents living in the state for anything other than a temporary or transitory purpose – more control over their personal information. The CCPA accomplishes this by creating a number of new consumer rights. These rights must be protected by organizations in order to avoid major fines.
Jason Remillard, Founder and CEO of Data443 stated, “What many businesses are learning is that much like the GDPR, the CCPA affects businesses outside of the state of California as well due to its size and scope. I believe that it’s only a matter of time before a federal law is adopted that will create a standard for customer data collection throughout the country. Microsoft has already announced a national-level compliance program for CCPA-level services, in 2020. I expect others to follow suit in the absence of a national legislation.”
A California Government impact assessment estimates that businesses will allocate for CCPA activities approximately $50k, 100k, $450k, $2M for businesses of 20, 100, 500 and over 500 employees respectively.
How does Data443 help businesses become compliant in CCPA?
GDPR and CCPA requirements consist of more than just preparation. You need process and technology in order to maintain your compliance with the CCPA and other state-level privacy legislation that is already slated to come in 2020 (NV, WA, etc.). Some basic guidelines and options:
- Offer a ‘Do Not Sell My Information’ option to all your consumers
- Clearly labelled on your website and add the option of a toll-free number for good measure.
- Enable current and past customers the ability to submit a Subject Access Request for information discovery requests
- This should be clearly available on your public facing properties and simple and cost effective to utilize.
- Consider employees, pensioners and other categories of information holders as well
- Update all your privacy and compliance policies with updated disclosures and collection policies – especially those related to the states in which you operate in
- Ensure you have special handling, processing and collection processes for all children and minors that are related to your specific business processes and the states in which you operate in
- Continue to monitor privacy legislation changes on a state by state level, paying attention to certain counties that may have special requirements.
Data443 Global Privacy Manager™ provides the industry’s only end to end privacy compliance, governance and auditing platform. Purpose built, battle tested during the European union’s GDPR and refined with over 30,000 active clients using our companion GDPR specific Framework – the platform is available as an ‘instantly available’ solution that can be deployed over the phone with one link from your website.
The new platform launched today provides:
- Fully branded Subject Access Request Form
- Custom Workflow Engine
- Cookie and Consent Management Tracking
- Opt-in and Opt-out Management
- Do Not Sell Management Interface
- Full On Premise and In Cloud Data Discovery
- Complete End to End Data Mapping
- Full Data Classification and Governance
- Data Deletion and Monitoring Compliance Management
- Data Stores instantly available: Windows NTFS, OneDrive, Dropbox, Office365, Google Mail, Salesforce, QuickBooks, MailChimp, SharePoint, MySQL, MSSQL, PostGreSQL, Mongo
- Data Stores addons available: over 200 SaaS, On Premise databases & File shares
- PowerBI and Dashboarding
For more information, including scheduling a demo for your business, please visit: https://data443.com/global-privacy-manager
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About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) provides an expanding suite of products and services highlighted by: (i) ArcMail, which is a leading provider of simple, secure and cost-effective enterprise data retention management, archiving and management solutions; (ii) ARALOC™, which is a market leading secure, cloud-based platform for the management, protection and distribution of digital content to the desktop and mobile devices, which protects an organization’s confidential content and intellectual property assets from leakage — malicious or accidental — without impacting collaboration between all stakeholders; (iii) ClassiDocs™, the Company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; (iv) ClassiDocs™ for Blockchain, which provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (v) Data443 Global Privacy Manager™, which is integrated with ClassiDocs to do the delivery portions of GDPR and CCPA as well as process DSARs – removal request – with inventory by ClassiDocs; (vi) Data443 Protect™, which provides nearly instant Cloud-deployed Data Loss Prevention capabilities with false positive rates unmatched enabled by ClassiDocs™; (vii) the Data443 virtual Data Protection Officer, program that offers a turnkey and outsourced DPO capability for smaller organizations; (viii) DATAEXPRESS™, the leading Data transport, transformation and delivery product trusted by leading financial organizations worldwide; and (ix) the WordPress GDPR Framework with over 30,000 active site owners, enables organizations of all sizes to comply with the GDPR and other privacy frameworks. For more information, please visit https://www.data443.com.
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding Data443’s plans, objectives, future opportunities for Data443’s services, future financial performance and operating results and any other statements regarding Data443’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond Data443’s control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti-takeover measures in our charter documents. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including under “Part I, Item 1A. Risk Factors”, in our Registration Statement on Form 10 filed with the SEC on January 11, 2019 and amended on April 24, 2019. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
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