Colorado Privacy Act (CPA)

The Colorado Privacy Act (CPA) is a comprehensive data privacy law designed to protect the personal data of Colorado residents. It took effect on July 1, 2023, and aims to give individuals greater control over their personal information while imposing specific obligations on businesses.

CPA applied to:

• Entities that conduct business in Colorado or target goods or services to Colorado residents.
• Businesses that control or process the personal data of at least 100,000 Colorado residents annually or
• Entities that derive revenue from the sale of personal data and control or process the data of at least 25,000 Colorado residents.

CPA Guidelines

Under the CPA, Colorado residents have the following rights:

• Access: The right to access their personal data held by businesses.
• Correction: The right to correct inaccuracies in their personal data.
• Deletion: The right to request the deletion of their personal data.
• Data Portability: The right to obtain a copy of their personal data in a format that is portable and transferable to another entity.
• Opt-Out: The right to opt out of the sale of their personal data, targeted advertising, and certain types of data processing, including profiling.

Businesses that meet the eligibility criteria for CPA must: 

• provide clear and comprehensive privacy notices detailing data collection, processing, and sharing practices.
• conduct assessments to identify and mitigate risks associated with their data processing activities.
• implement reasonable security measures to protect personal data from unauthorized access and breaches.
• ensure contracts with data processors include provisions that enforce CPA compliance.

• seek explicit consent before processing sensitive data categories, such as health information or biometric data.

• notify affected individuals of data breaches within 30 days of discovering the breach. The notice should include details about the breach, the types of data involved, and steps taken to address the breach.

How Finite State Helps You Comply with CPA

Finite State can complement your data protection efforts by strengthening your data security capabilities, particularly by: 

• Enforcing Secure Coding Practices: Seamless integrations into existing CI/CD pipelines automatically analyze source code and compiled binaries for common security vulnerabilities and coding errors. This allows engineers to identify vulnerabilities hidden deep within legacy code and third-party libraries and detect and address issues early in the development process.
• Real-Time Threat Detection: Integrations with vulnerability databases provide up-to-date information on the latest threats and exploits, allowing for the proactive identification of potential risks before they can be exploited.
• Automate Vulnerability Identification: Using our advanced binary and source code SCA, vulnerabilities can be identified as they’re introduced across the SDLC to help teams keep applications secure.
• Comprehensive SBOM Solutions: Automatically generate Software Bill of Materials throughout the SDLC and easily compile detailed information on all components in your products, including open-source libraries, third-party dependencies, and custom code to improve transparency and identify potential security risks in your software supply chain.

Strong cybersecurity requires a collective effort. Talk to the team today to discover how Finite State can help you comply with CPA.