Understanding the Virginia Consumer Data Protection Act of 2023

Summary:

The Virginia Consumer Data Protection Act (VCDPA) is a significant legislation aimed at safeguarding consumers' personal information. Key provisions include consumer rights such as access, correction, deletion, and opt-out, as well as obligations for businesses to minimize data collection, provide transparency, and conduct regular assessments to evaluate data processing risks. The act applies to businesses that process personal data of at least 100,000 Virginia residents or derive 50% of their revenue from data sales. Non-compliance may result in civil penalties. The VCDPA aims to empower consumers, enhance transparency, and transform the landscape of digital data management in Virginia.