Welcome to the Future!
Data Security is the number one concern for credit unions according to the National Association of Federal Credit Unions.
Their concern is founded in fact. In 2014, 317 million new pieces of malware were created according to Symantec’s 2015 Internet Security Threat Report. Data breaches have been increasing by 20% per year.
This group supports legislation that includes:
Buried in the federal data breach legislation, that pre-empts state data protections in 38 states, with stronger data protection statutes, is liability protection for businesses that share data security threats and intrusions with other businesses and the government. Law360
A coalition of business groups, including:
are urging federal lawmakers to retain a provision in federal data breach legislation that will require 3rd party vendors to notify consumers when they experience a data breach.
Posted inlegislative trend, retail data breach
Federal data breach legislation that would preempt 38 state laws on data breach, was approved by the House Energy and Commerce Committee. The biggest rift in the committee is whether federal law should preempt stronger state laws. Last week Congressman Lamar Smith held “Reining in the EPA: A Regulation Roundtable” one of the invitees was Agriculture Commissioner Sid Miller. When conversation moved to a “secret” EPA map of U.S. waterways, Commissioner Miller indicated that the EPA released personal information about farms and ranches. The information was released to “environmental extremist groups.” It is reported that Homeland Security department called the release of the farm and ranch water maps is “a bi… 38 states have stronger state laws. The federal legislation would preempt those state laws and the lower, weaker standard would prevail. Washington Post Alabama is the 48th state to enact data security laws, and one of a few that have revamped data security statutes post major retail data breaches. The Alabama legislation will triger notification within 30 days when any of the following information is hacked: Since New Year’s Day, 90 Million individual health care records have been exposed by data hackers. Why is health care data targeted? The data is highly valuable on the black market. How are hackers gaining access to health care data? Via portals in electronics such as sonogram machines, conference call machines, fax machines… MD Anderson tests all its electronic equipment for security protcols.
Posted inhealth care data, legislative trend
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:Federal Data Breach Legislation Movement
Are Water Maps Private, Protected Information?
38 Reasons Privacy Advocates Oppose Federal Data Breach Legislation
Another State Passes Data Security Protections
Data Security and the Health Care Industry : A Collision Course
Data Security and the Federalists
Congress Has New Data Security Bill Moving. 5 Highlights.