An economic impact assessment prepared for the Office of the California Attorney General found organizations may spend up to $55 billion in initial compliance costs for the California Consumer Privacy Act, CNBC reports. The research firm that conducted the review estimates companies with fewer than 20 employees may pay about $50,000 for their initial CCPA costs; however, for those with more than 500 employees, those figures may land near $2 million. The report found organizations subject to the CCPA may pay anywhere from $467 million to $16 billion to remain compliant with the law over the next decade.
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