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Daily Dashboard | Report finds organizations may spend $55B in initial CCPA compliance costs Related reading: Supreme Court overturns Roe v. Wade, placing other privacy rights in question




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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