- Tools & Templates
- Security Jobs
- Data Protection
- Identity & Access
- Business Continuity
- Physical Security
- Security Leadership
The breach goes on: Bono Mack unveils SAFE Data Act
From her perch as chairman of the House Subcommittee on Commerce, Manufacturing and Trade, Bono Mack unveiled a discussion draft of the Secure and Fortify Data Act (SAFE Data Act).
“With nearly 1.5 billion credit cards now in use in the United States -- and more and more Americans banking and shopping online -- sophisticated hackers and cyber thieves have a treasure chest of opportunities to ‘get rich quick’. The SAFE Data Act will provide American consumers with better safeguards in the future,” she said in a press release.
Get your morning news fix with the daily Salted Hash e-newsletter! Sign up today.
The Subcommittee on Commerce, Manufacturing and Trade is scheduled to hold a hearing on the legislation at 10 a.m. Wednesday in 2322 Rayburn House Office Building.
Scheduled to testify are:
--Edith Ramirez, Commissioner, Federal Trade Commission;
--Jason Goldman, Telecommunications and e-Commerce Counsel, U.S. Chamber of Commerce;
--Robert Holleyman, President and CEO, Business Software Alliance; Stuart Pratt, President and CEO, Consumer Data Industry Association;and
--Marc Rotenberg, Executive Director, Electronic Privacy Information Center.
More from the press release:
A key feature of the SAFE Data Act requires notification to the FTC and consumers within 48 hours of the time that a breach has been secured and scope of the breach assessed. The FTC would also be given the authority to levy civil penalties if companies or entities fail to respond in a timely and responsible manner. Non-profit organizations such as universities and charities would be required to comply with the legislation.
Additionally, the SAFE Data Act grants the FTC the ability to expand the definition of “personally identifiable information” so long as this new data poses a reasonable risk of identity theft or would otherwise “result in unlawful conduct.”
CSO's Daily Dashboard gives you a one-stop view of latest business threats. We created it for you! Bookmark it! Use it!
Thanks to cloud computing, your business data is everywhere and being accessed by everyone. Making the wrong decision to protect your data can result in high costs, increased risk and executive exposure. View this live webinar on cloud security and the evolving data center, and learn why a data-centric approach to security is the best bet for today's virtual environment.
- Enterprise File Sharing: All You Need to Know
- Forrester Research and EMC on Continuous Availability
- Big Ideas; Big Tech-Continuous Availability for VMware
- Security Analytics Video
- Reduce Costs, Maximize Performance and Ensure High Availability of your Business Critical Applications
- B2B Integration on Cloud: Real World Solutions and Technology Advances