4th State of CCPA and GDPR Compliance Report Confirms Data Privacy Unpreparedness

BOSTON - Dec. 6, 2022 - PRLog -- CYTRIO (https://cytrio.com/), a next-generation data privacy compliance company, released the findings of its latest research (https://cytrio.com/ccpa-research-report-q3-2022/) from Q3 2022 related to companies' readiness to comply with the California Consumer Privacy Act (CCPA (https://cytrio.com/solutions/california-consumer-privacy-act-ccpa/)), California Privacy Rights Act (CPRA (https://cytrio.com/solutions/california-privacy-rights-act-cpra/)), and the European Union's General Data Protection Regulation (GDPR (https://cytrio.com/solutions/privacy-rights-management-gdpr/)). The fourth research report on the state of CCPA and GDPR data rights compliance confirms that as of September 30, 2022, 92% of companies are still unprepared for CCPA and CPRA and 91% are unprepared for GDPR. The stricter and enhanced CCPA/CPRA becomes fully enforceable on January 1, 2023 and includes employees' rights to their personal data.

"Companies should be aware of numerous changes coming in the more expansive CPRA that goes into effect on January 1, 2023, including employees' right to exercise data privacy, requiring companies to deploy an effective and scalable CCPA/CPRA and GDPR compliance management solution," said Vijay Basani (https://www.linkedin.com/in/vijaybasani/), founder and CEO of CYTRIO. "Further, as the new California Privacy Protection Agency (CPPA (https://cppa.ca.gov/)) takes on the CPRA enforcement role starting January 1 with a 12-month lookback window, there will be an increase in enforcement resources resulting in CPRA penalties. This fourth installment of research conducted by CYTRIO in Q3 confirms that companies are not prepared."

During Q3 2022, CYTRIO researched 1,557 U.S. mid to large companies with revenues from $25 million to $5+ billion, bringing the total number of companies researched to 9,827 over the last year. Of the companies researched in Q3, 52% stated they need to comply with CCPA but do not provide a mechanism for consumers to exercise their data privacy rights, while 39% of companies are using expensive and error prone manual processes. Comparatively, Q2 research indicated that as of June 30, 2022, 91% of companies that must comply with CCPA were still not prepared to meet those compliance requirements, and 94% of companies that must comply with GDPR were ill prepared.

To view an infographic summarizing the research findings, visit:
https://cytrio.com/wp-content/uploads/2022/12/infographic-q3-2022.png

For a video summary of the findings, visit:
https://cytrio.com/videos/ccpa-gdpr-compliance-report-q3/

To access the full findings of CYTRIO's most recent data privacy research, go to:
https://cytrio.com/ccpa-research-report-q3-2022/

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