Welcome to the Future!
The Federal Communications Commission this week fined AT&T $25 M for a data breach that caused personal information, including social security numbers, of 280,000 AT&T customers to be breached.
AT&T will incur more costs as it notified affected customers and pays for credit monitoring services, per the FCC order.
Data Security and data privacy is a near and dear to Libertarian types. Think Rand Paul. Libertarian types look to the Federalists papers to justify constitutional positions, such as protecting Americans from government intrusion into their personal, private data.
Pointing to Federalist Paper 33 and 44, when a national interest exists, it is necessary and proper for the federal government to act.
Posted indata privacy, legislative trend, retail data breach
Bipartisanship Lives. Last week a new data security bill was unvieled to create standardized requirements for data breach and security issues. Co-sponsors of the bill: European companies are struggling with the 28 different data security laws that the EU has enacted for each of its member countries. Multinational companies have different compliance standards for each country. However, an attorney for technology and innovation sector says data regulations, even those that differ by member state increase productivity in fields of innovation and technology. This productivity increases due to the globalization of data.
Posted inlegislative trend
The number of companies experiencing a data breach is increasing annually. In 2013 it was 33%. In 2014 it was 43%. Its a mix of retail and health care data breaches leading the increases. More data breaches means more litigation. SC Magazine for IT Security Professionals
Posted inhealth care data, legal trend, legislative trend, retail data breach
Congress Has New Data Security Bill Moving. 5 Highlights.
Do Data Security Regulations Harm Productivity? Old Business vs. New Business
43% of Companies had a Data Breach in 2014
Target Data Breach Settles. Who wins, besides the litigators?