Why Financial Services Firms Must Prepare for the California Consumer Privacy Act

Data privacy has become an overarching issue top of mind to organizations across industries and geographies over the past several years. It affects every business function in an organization, from the IT department to compliance to marketing to HR, and has increasingly been occupying the minds of the C-suite.

The never-ending wave of high-profile data breaches and corporate and political misuses of data has brought data privacy to the forefront of the corporate agenda. To address some of these concerns, California passed the California Consumer Privacy Act (CCPA) to grant California residents increased control over their personal data, set to go into effect in just under a year on January 1, 2020.

In an article recently published by CPO Magazine, ACA's Alex Scheinman discusses why financial services firms should prepare for CCPA compliance and develop a compliance roadmap. Check out the full article on CPO Magazine to learn more.

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About the Author

Alex Scheinman is the Director of Privacy at ACA Aponix, the cybersecurity and IT risk division of ACA Compliance Group. In this role, he oversees ACA Aponix’s CCPA and GDPR data processing reviews and data privacy compliance efforts. Prior to ACA, Alex served as a Privacy Manager in EY’s cyber practice. While at EY, Alex oversaw multinational privacy gap assessments for Fortune 100 and Fortune 500 companies against regulatory and industry frameworks including GDPR, PIPEDA, HIPAA, and COPPA.

Earlier in his career, he served as an adjunct professor at George Mason University teaching conflict analysis and resolution. Alex earned a B.A. in English from the University of Michigan, an M.A. in Literary Theory and Cultural Studies from Carnegie Mellon University, and a Ph.D. in Conflict Analysis and Resolution from George Mason University.