New Bill Proposes Tougher Punishments for Identity Theft - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News
News
7/20/2005
11:28 AM
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

New Bill Proposes Tougher Punishments for Identity Theft

The Personal Data Privacy and Security Act would require enterprises with more than 10,000 customers to implement a security and auditing plan and to notify their patrons when there is a suspected breach.

In late June, Sens. Arlen Specter (R-Pa.) and Patrick Leahy (D-Vt.) introduced a new bill--S.1332, Personal Data Privacy and Security Act of 2005. This sweeping legislation raises the punishments for identity theft and stipulates security measures for protecting Personally Identifiable Information (PII) and Social Security numbers.

Among other things, the new bill requires enterprises with PII on more than 10,000 customers to implement a security and auditing plan and to notify customers nationwide when there is a suspected security breach.

You didn't need a crystal ball to see a bill like this coming, and it's high time, too. The number of lost or stolen personal records this year alone exceeds 49 million, which means millions of people may be victims of identity theft.

The proposed legislation could be stronger. For example, we'd like to see it applied not just to large corporations but to companies with as few as 1,000 PII records. And at this point, there's no guarantee this particular bill will pass. But rest assured that Congress will enact legislation on this topic--sooner or later.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2019 State of DevOps
2019 State of DevOps
DevOps is needed in today's business environment, where improved application security is essential and users demand more applications, services, and features fast. We sought to see where DevOps adoption and deployment stand, this report summarizes our survey findings. Find out what the survey revealed today.
Commentary
Will AI and Machine Learning Break Cloud Architectures?
Lisa Morgan, Freelance Writer,  6/10/2019
Slideshows
9 Steps Toward Ethical AI
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/15/2019
Commentary
Humans' Fascination with Artificial General Intelligence
Guest Commentary, Guest Commentary,  6/6/2019
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll