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New Year, New Law, New Privacy Preparations: Key Tasks Arising Under the CPRA in 2021 | Faegre Drinker Biddle & Reath LLP

consumers or
households. The CPRA also clarifies that the revenue threshold of $25 million applies to revenue from the “preceding calendar year.” § 1798.140(d)(1)(A) and (B).
Restriction on Legislature to Amend: Finally, in response to critics who alleged that the original CCPA became “watered down” by the legislative process, the CPRA limits the power of the state legislature to change the law. The California Legislature may only pass amendments to the statute that “are consistent with and further [its] purpose and intent.” CPRA Section 25.
Tasks for 2021
Updating Links and Policies: As noted above, the CPRA includes new rights to correct and to limit the use of newly defined “sensitive personal information” and regulates the sharing (not just selling) of personal information. As a result, businesses will need to update their “Do Not Sell My Personal Information” links to read “Do Not Sell or Share My Personal Information,” and include ....

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Preparing For a SOC 2 Audit

Preparing For a SOC 2 Audit
What Exactly Is a SOC 2 Audit?
An annual SOC 2 audit is necessary for any company or organization that wishes to obtain SOC 2 certification. In order to become SOC 2 certified, your company will be evaluated on one or more of the following principles of the AICPA Trust Service Criteria (TSC): Security, Availability, Processing Integrity, Confidentiality, and Privacy.
Often, during an audit, an organization goes through a security evaluation to analyze their security controls. Afterward, they will receive one of the following two types of reports:
Relating to SOC 2 Type 1: A type 1 evaluation is based on an organization’s description of its security system the suitability of its design and operational effectiveness of its controls. In short, the security controls are evaluated at a specific point in time. ....

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