Californian privacy law looms large for 500,000 US companies

Lindsey Tonsager is quoted in the Financial Times regarding the California Consumer Privacy Act’s effect on businesses in the state and around the world. Ms. Tonsager says, “Once the new law takes effect, the California attorney-general will overnight become one of the most powerful privacy regulators in the world.” She adds, “Companies that already had to apply to the EU GDPR are ahead of the curve. Smaller and medium businesses are having to spend — millions of dollars in some cases — to comply,” and the costs could be “indirectly passed through to consumers.”