Corporate TIPS: U.S. Data Privacy Compliance Deadlines Are Quickly Approaching In 2023

Your organization must act now to become compliant with new state privacy regulations in the United States. With consumer privacy laws from California, Colorado, Virginia and now Connecticut and Utah set to take effect in 2023,¹ there is little time for covered organizations to review their data processing activities and to implement the policies and procedures needed for compliance. Organizations that fail to become compliant with the new state privacy regulations by the 2023 deadlines may become ideal targets for cyberattacks, subject to data privacy lawsuits, and subject to regulatory fines and penalties. Moreover, although only a limited number of states have enacted comprehensive data privacy regulations to date, the effects of these laws reach beyond the states in which they were enacted and will surely impact organizations throughout the nation.