{"id":929,"date":"2018-04-02T18:03:00","date_gmt":"2018-04-02T18:03:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2018\/04\/02\/lege-trend-what-triggers-a-notification-how-does-that-standard-impact-a-business-liability\/"},"modified":"2018-04-02T18:03:00","modified_gmt":"2018-04-02T18:03:00","slug":"lege-trend-what-triggers-a-notification-how-does-that-standard-impact-a-business-liability","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/lege-trend-what-triggers-a-notification-how-does-that-standard-impact-a-business-liability\/","title":{"rendered":"Lege Trend. What triggers a notification? How does that standard impact a business liability?"},"content":{"rendered":"<p><a href=\"https:\/\/www.aba.com\/Advocacy\/Grassroots\/WINNDocs\/discussion-draft-data-acquisition-technology-accountability-security-act.pdf#_ga=2.90171416.2086220168.1520446008-1980491922.1518635526\">Draft Federal legislation<\/a> will require notification of breach if and only if a business determines:<\/p>\n<ul>\n<li>\u201ca reasonable risk that the breach of data security has resulted in identity theft, fraud or economic loss\u201d<\/li>\n<\/ul>\n<p><strong>Why does this specific statuory draft\u00a0langauge matter?\u00a0<\/strong>Courts are split on whether a business is liable when a data breach hasn&#8217;t resulted in actual fraud or economic loss, which means the language sets up a liability threshold.<\/p>\n<p><a href=\"https:\/\/www.fox13memphis.com\/consumer\/clark-howard\/report-draft-bill-would-allow-credit-reporting-agencies-banks-to-conceal-data-breaches\/722105334\">Fox 13 |\u00a0Report: Draft bill would allow credit reporting agencies, banks to conceal data breaches<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"https:\/\/www.aba.com\/Advocacy\/Grassroots\/WINNDocs\/discussion-draft-data-acquisition-technology-accountability-security-act.pdf#_ga=2.90171416.2086220168.1520446008-1980491922.1518635526\">Draft Federal legislation<\/a> will require notification of breach if and only if a business determines:<\/p>\n<ul>\n<li>\u201ca reasonable risk that the breach of data security has resulted in identity theft, fraud or economic loss\u201d<\/li>\n<\/ul>\n<p><strong>Why does this specific statuory draft\u00a0langauge matter?\u00a0<\/strong>Courts are split on whether a business is liable when a data breach hasn&#8217;t resulted in actual fraud or economic loss, which means the language sets up a liability threshold.<\/p>\n<p><a href=\"https:\/\/www.fox13memphis.com\/consumer\/clark-howard\/report-draft-bill-would-allow-credit-reporting-agencies-banks-to-conceal-data-breaches\/722105334\">Fox 13 |\u00a0Report: Draft bill would allow credit reporting\u2026<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,9,3,37],"tags":[],"class_list":["post-929","post","type-post","status-publish","format-standard","hentry","category-2019-legislative-issue","category-legal-trend","category-legislative-trend","category-notification","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/929","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=929"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/929\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}