A survey conducted by TrustArc found 86 percent of companies are not prepared for the California Consumer Privacy Act, Fortune reports. TrustArc polled 250 privacy professionals at companies with 500 or more employees. “Our goal was to say, ‘How are people doing in their progress toward the [compliance] goal?'” TrustArc CEO Chris Babel said. “We found the vast majority of people have a very long way to go.” Of the respondents, 72 percent said they plan to invest in technology tools for the CCPA, and 71 percent said they expect to spend more than six figures to assist in compliance efforts. Around half of the professionals surveyed said they fall under the EU General Data Protection Regulation, with half of those professionals saying their GDPR programs have helped with planning for the CCPA.
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