Bill to Force Data Theft Notices

June 27, 2003 12:05 PM from

Senator Dianne Feinstein introduced a bill that forces companies to notify customers whenever crackers get access to sensitive information, such as social security numbers or credit cards.

Under the bill, the Notification of Risk to Personal Data Act, organizations that fail to promptly notify individuals of an intrusion could face a $5,000 fine from the Federal Trade Commission and up to $25,000 in fines per day that the organization delays notification to individuals.

Hell I would think this would have been in effect years back...

1,877 views 4 replies

Reply #1 June 27, 2003 12:05 PM from

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oops, here's the link to the story: http://www.wired.com/news/politics/0%2C1283%2C59419%2C00.html

Reply #2 June 27, 2003 2:56 PM from

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the fine should be $5,000.00 per minute.

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Reply #3 June 27, 2003 3:15 PM from

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lol...

Reply #4 June 27, 2003 4:20 PM from

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This bill is only 10 years too late, carding is nowhere near as prevalant as it was back then. (card companies have gotten smarter and taken up the slack)

Identity theft is still very very real though.

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