Starting January 1, 2025, several new state privacy laws will come into effect, introducing stricter regulations on data collection and protection. Businesses operating in these states or targeting their residents must prepare for compliance to avoid penalties.
If your business operates in or targets residents of these states, compliance is essential. Each law has specific criteria based on consumer data volume and revenue sources. Here’s a breakdown:
Your business must comply if, during the preceding calendar year, you:
a/ Processed personal data of at least 35,000 consumers, excluding data for payment transactions.
b/ Processed personal data of at least 10,000 consumers and generated over 20% of gross revenue from selling personal data.
Compliance applies if, during a calendar year, you:
a/ Process personal data of at least 100,000 consumers.
b/ Process personal data of at least 25,000 consumers and derive over 50% of gross revenue from selling personal data.
You must comply if you:
a/ Process or sell personal data.
b/ Do not qualify as a "small business" under the federal Small Business Act.
Compliance applies if, during a calendar year, you:
a/ Process personal data of at least 35,000 consumers, excluding data for payment transactions.
b/ Process personal data of at least 10,000 consumers and derive over 25% of gross revenue from selling personal data.
Your business must comply if, during a calendar year, you:
a/ Process personal data of at least 100,000 consumers, excluding data for payment transactions.
b/ Process personal data of at least 25,000 consumers and derive revenue or discounts from selling personal data.
Navigating recent legal changes necessitates a strategic approach to compliance. At XaaSWare, we focus on providing expertise in the following areas:
As new laws are set to be implemented, it is important for businesses to take proactive steps towards compliance. XaaSWare’s team of compliance experts is available to assist your business in navigating these changes by providing guidance in the following areas:
Don’t let compliance become a hurdle—turn it into a competitive advantage.
Explore our Privacy Compliance Services or connect with a XaaSWare expert today. Let us help you stay ahead of the curve.
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