The California ConsumerPrivacy Act went into effect, but it is likely just the beginningof more privacy regulations. Privacy laws are popping up in manystates and the federal government is working on nationallegislation. While the privacy laws impact everyone, commercialproperty owners are no exception, particularly those with privacypolicies and those that integrate data-collection technology intotheir properties.
"California is certainly the biggest, but we have seenconversations from other states that are in very stages ofconsidering privacy laws as well," Lisa Stanley,CEO of OSCRE, tells GlobeSt.com. "It points out tome that organizations need to have an effective approach to datagovernance at the top of the house, involving the C-suite andbusiness leaders at every level of the organization to reallyexamine what information they are collecting and if they need tocollect that information."
There is also movement to adopt a privacy policy at the federallevel as well. "Every day there is something new happening. Rightnow, you have each state passing laws that have some similaritiesbut at the same time are different," Alison Bird,managing director at CohnReznick, tellsGlobeSt.com. "It is really challenging on the commercial side tocomply with this hodgepodge. There has been pressure to come upwith a federal bill, but recently a democratic bill was backed byseveral key committee members. Republicans have now come out withtheir own version of the law, and they are meeting to begin theprocess. So, it looks like there is really interest in creating afederal law."
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