Blumenthal Bill Bumps Up Big Fines for Data Thefts and Security Breaches :
Info Law Group
Late last week Senator Richard Blumenthal (D-CT) introduced
<http://blumenthal.senate.gov/press/release/index.cfm?id=B163705A-DDE8-41A1-8149-5D4119B4FFCB>a
one-hundred page bill, dubbed the *Personal Data Protection and Breach
Accountability Act of 2011*,
S.1535<http://blumenthal.senate.gov/imo/media/doc/Text%20of%20Blum_Data_Bill.pdf>,
(the “PDPBA Act”), referred to the Senate Judiciary
Committee<http://judiciary.senate.gov/legislation/index.cfm>,
that if ultimately passed would levy significant penalties for identify
theft and other “violations of data privacy and security,” criminalize as
felonies the installation of software that collects “sensitive personally
identifiable information” without clear and conspicuous notice and consent,
and specifies requirements that companies collecting or storing online data
of more than 10,000 individuals adhere to data storage guidelines to be
enacted by the FTC via its Title 5 rulemaking
authority<http://en.wikipedia.org/wiki/Federal_Trade_Commission>,
including a mandate to audit the information security practices of
contractors and third party business entities.

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Source:
http://www.infolawgroup.com/2011/09/articles/privacy-law/blumenthal-bill-bumps-up-big-fines-for-data-thefts-and-security-breaches/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+InfoLawGroup+(Info+Law+Group)
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