{"id":870,"date":"2018-01-10T20:38:00","date_gmt":"2018-01-10T20:38:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2018\/01\/10\/lege-trend-new-regulatory-division-for-data-security-5-key-details-to-draft-one-for-your-state\/"},"modified":"2018-01-10T20:38:00","modified_gmt":"2018-01-10T20:38:00","slug":"lege-trend-new-regulatory-division-for-data-security-5-key-details-to-draft-one-for-your-state","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/lege-trend-new-regulatory-division-for-data-security-5-key-details-to-draft-one-for-your-state\/","title":{"rendered":"Lege Trend. New Regulatory Division for Data Security. 5 Key Details to Draft one for your State."},"content":{"rendered":"<p>The new federal legislation,\u00a0<a href=\"https:\/\/www.warren.senate.gov\/files\/documents\/Data%20Breach%20Prevention%20and%20Compensation%20Act%20of%202018.pdf\">The Data Breach Prevention and Compensation Act<\/a>, would:<\/p>\n<ul>\n<li>Create a\u00a0new cybersecurity office within the Federal Trade Commission<\/li>\n<li>Incentivize data security by imposing\u00a0mandatory fines on credit reporting agencies with flawed security<\/li>\n<li>Annual inspections by the FTC of credit reporting agencies<\/li>\n<li>Fines would be divided to:\n<ul>\n<li>50% to the consumers affected<\/li>\n<li>50% to the FTC to fund inspections and cybersecurity research<\/li>\n<\/ul>\n<\/li>\n<li>Credit reporting agencies would have to report to the FTC their\u00a0technical and organizational security measures<\/li>\n<\/ul>\n<p><a href=\"https:\/\/gizmodo.com\/new-cybersecurity-office-would-oversee-companies-like-e-1821951267\">Gizmodo |\u00a0<\/a><a href=\"https:\/\/gizmodo.com\/new-cybersecurity-office-would-oversee-companies-like-e-1821951267\" style=\"color:rgb(0,0,0);text-decoration:none;line-height:inherit;\">New &#8216;Cybersecurity Office&#8217; Would Oversee Companies Like Equifax and Dole Out Fines for Slipshod Security<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new federal legislation,\u00a0<a href=\"https:\/\/www.warren.senate.gov\/files\/documents\/Data%20Breach%20Prevention%20and%20Compensation%20Act%20of%202018.pdf\">The Data Breach Prevention and Compensation Act<\/a>, would:<\/p>\n<ul>\n<li>Create a\u00a0new cybersecurity office within the Federal Trade Commission<\/li>\n<li>Incentivize data security by imposing\u00a0mandatory fines on credit reporting agencies with flawed security<\/li>\n<li>Annual inspections by the FTC of credit reporting agencies<\/li>\n<li>Fines would be divided to:\n<ul>\n<li>50% to the consumers affected<\/li>\n<li>50% to the FTC to fund inspections and cybersecurity research<\/li>\n<\/ul>\n<\/li>\n<li>Credit reporting agencies would have to report to\u2026<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,43,3],"tags":[],"class_list":["post-870","post","type-post","status-publish","format-standard","hentry","category-2019-legislative-issue","category-fintech-finance-technology","category-legislative-trend","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=870"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/870\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}