New federal identity theft laws on the way?
July 26, 2010 by Steve HannafordPosted in: In this week's e-newsletter, Latest News & Views, Regulations & Compliance
New national identity protection laws have been working their way through the Senate and appear to have some bipartisan support.
Called the 2010 Data Security Act, the Data Breach Notification Act, and the Personal Data Privacy and Security Act, these laws offer a wide-ranging response to the growing problem of identity theft.
The idea of the bills is to establish national standards for cases of data breaches – an issue that is now handled by varied and conflicting state laws. One new law would have federal agencies set up standards and procedures to handle any sensitive data. Another would also set requirements for notification in case of a breach, along with stronger criminal penalties for identity thieves and for companies that willfully conceal a breach. It would also mandate preventative measures from businesses. A third would tighten and spell out notification laws for both government and business.
A standardized set of federal laws, it is argued, would simplify compliance for companies and help law enforcement officials. Let’s hope that party squabbling doesn’t deep-six legitimate moves to attack a national crisis.
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Tags: 2010 Data Security Act, Congress, Data Breach Notification Act, identity theft, Personal Data Privacy and Security Act
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