2011 US Information Security Related Measures

So far, in the first 6 months of 2011, there have been 9 different Information Security related proposals put forward by different Senators that would create new laws or reform existing ones. February 20 2011 – Rep. Rush (D-Ill) reintroduces BEST PRACTICES Act April 7 – SEC Regulation S-P mandates that financial firms safeguard confidential… Read More

Senator Leahy Introduces the Personal Data Privacy and Security Act of 2011

According to Senator Leahy’s website, the Personal Data Privacy and Security Act would: •Increasing criminal penalties for identity theft involving electronic personal data and making it a crime to intentionally or willfully conceal a security breach involving personal data; •Giving individuals access to, and the opportunity to correct, any personal information held by commercial data… Read More

Market Forces in Identity Theft

There can be real economic damages to an individual who is the victim of identity theft. The FTC has ruled that it is the individual’s responsibility to check their credit card statements for unauthorized statements.If a victim of credit card theft, for example, notifies the credit card company within 60 days of receipt of the… Read More

“Do-not-track Online Act of 2011”

This month, Senate Commerce Chairman Jay Rockefeller (D-W.Va.) introduced the “Do-not-track Online Act of 2011”. Some interesting highlights from the proposed bill: there would be a fine of up to $16,000 per day that you are in violation with a maximum of $15,000,000 in civil damages available for all civil actions under the bill.The $16,000… Read More