Sullivan & Cromwell Discusses California Consumer Privacy Act of 2018

On June 28, 2018, California enacted the California Consumer Privacy Act (the “CCPA” or the “Act”), which will take effect on January 1, 2020.[1]  The Act applies to any organization that conducts business in California and satisfies one of three conditions:  (1) has annual gross revenue in excess of $25,000,000;[2] (2) annually buys, receives for the business’s commercial purposes, sells, or shares for commercial purposes the personal information of 50,000 or more consumers, households, or devices, alone or in combination; or (3) derives 50 percent or more of its annual revenue from selling consumers’ personal information (each, a … Read more