NEW YORK (December 6, 2018) — With legislation introduced in California this year to protect consumers’ personal data, a new RIMS professional report titled, “Understanding the California Consumer Privacy Act of 2018” (CCPA) highlights the importance for risk professionals and their organizations to prepare and adjust business operations to remain compliant under the law.
Authored by RIMS External Affairs Committee member Teri Cotton Santos, the report addresses the rights provided to consumers under the CCPA, the obligations it creates for businesses, as well as practical steps companies should take to prepare for its implementation date.
The CCPA was signed into law in June and became the broadest U.S. framework imposing consent and disclosure obligations on businesses that collect personal information on California consumers. Similar to the European Union’s General Data Protection Regulation (GDPR), the law applies to companies collecting personal information on California consumers whether or not the company is based in the state. The CCPA becomes effective on January 1, 2020.
“How organizations use and collect personal information continues to be a top concern for regulators and many consumers,” said Ms. Cotton Santos. “Now is the time for risk professionals to have discussions with internal stakeholders about the implementation of the CCPA and its impact on their organization’s operations and strategy.”
The report is currently available exclusively to RIMS members. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS publications, educational opportunities, conferences and resources, visit www.RIMS.org.
For more information, contact:
Josh Salter, Director of Communications, (212) 655-6059 or JSalter@rims.org
About RIMS
As the preeminent organization dedicated to promoting the profession of risk management, RIMS, the risk management society®, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS is committed to advancing risk management capabilities for organizational success, bringing networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit www.RIMS.org.