Obama Seeks to Nationalize Breach Notification BankInfoSecurity (01/12/15) Chabrow, Eric Businesses targeted by data breaches would have a 30-day window to alert consumers of intrusions following their discovery under a national law proposed by President Barack Obama. If enacted, the personal Data Notification and Protection Act would preempt 47 state data breach notification laws. Lawmakers previously have proposed a national mandate for data breach notification, but none of the proposals were ever brought to the floor of the House or Senate. Analysts say the key to ensuring the laws enactment is getting businesses to agree on the bills provisions, such as how soon they would have to notify customers of a breach and what types of breaches would justify an alert. Particularly with the number of high-profile breaches over the past year, many companies are reticent to notify consumers when credit card and other data are compromised, simply because of the effect it can have on the business, from loss of trust, lawsuits, fines and fees, and other related expenses to clean up the mess after a breach occurs, notes Tripwire analyst Ken Westin. Obama also outlined new governmental steps to help identity theft victims, including broadening information sharing to ensure federal investigators regularly report evidence of stolen financial and other data to companies whose customers are directly affected.
Posted on: Sun, 18 Jan 2015 22:10:11 +0000
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