Estimate of costs associated with unnecessarily stringent federal data privacy law in the United States as of August 2019
(in million U.S. dollars)
Estimated costs from stringent federal data privacy law in the U.S. 2019
Stringent federal data privacy laws in the United States are associated with compliance costs and market inefficiencies. Based on August 2019 data, requiring data protection officers for U.S. entities that handle personal data would reach around 6.4 billion dollars per year. Total annual costs associated with regulatory compliance would be roughly 12.2 billion dollars.
Estimate of costs associated with unnecessarily stringent federal data privacy law in the United States as of August 2019
(in million U.S. dollars)
Estimated cost in million U.S. dollars
Data Protection Officers6,370
Privacy Audits440
Data Infrastructure5,380
Data Access340
Data Portability510
Data Deletion780
Data Rectification190
Duplicative Enforcement2,710
Lower Consumer Efficiency1,870
Less Access to Data71,000
Lower Ad Effectiveness32,900
Total122,490
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

August 2019

Region

United States

Survey time period

August 2019

Estimated costs from stringent federal data privacy law in the U.S. 2019
Stringent federal data privacy laws in the United States are associated with compliance costs and market inefficiencies. Based on August 2019 data, requiring data protection officers for U.S. entities that handle personal data would reach around 6.4 billion dollars per year. Total annual costs associated with regulatory compliance would be roughly 12.2 billion dollars.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statistics on "Data usage in marketing and advertising "
  • Overview
  • Strategies
  • Effectiveness & challenges
The most important statistics
  • Customer perception
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.