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Cybercrime will carry a global price tag of $6 trillion by 2021, according to a Cybersecurity Ventures annual report. The National Security Agency warns that cybercriminals are “becoming more sophisticated and capable every day in their ability to use the Internet for nefarious purposes.” Yet many companies fail to take basic precautions, such as deleting […]
On May 10, 2019, New Jersey enacted Senate Bill 52 (SB 52). This bill, which will take effect on September 1, 2019, will require disclosure of data breaches that impact usernames, email addresses, and/or other account holder identifying information belonging to residents of the Garden State when combined with any password or security questions and […]
A bill introduced by Rep. Blaine Luetkemeyer, R-Mo., chairman of the House Subcommittee on Financial Institutions and Consumer Credit, on Sept. 7 aims to create a national standard for financial institutions to notify consumers of data security breaches. The congressman noted the timing of the bill’s introduction at the one-year anniversary of Equifax’s disclosure of […]
Already there are 11 separate federal agencies with cybersecurity rules aimed at the financial services industry, on top of whatever self-regulatory organizations and state regulators require, Sifma president and CEO Kenneth Bentsen told the House Subcommittee on Financial Institutions and Consumer Credit last month, according to the publication. The various rules sometimes overlap or conflict […]
The high-profile hack at Sony Pictures has injected new urgency into the years-old push for cybersecurity legislation, with a broad spectrum of lawmakers suddenly vowing to take action in the new Congress. via Sony hack could be game changer | TheHill
The nation will be at serious risk if the current Congress fails to reach an agreement on cybersecurity legislation, Republican leaders of the House and Senate Intelligence Committees said Sept. 10, citing mounting attacks against U.S. companies. via U.S. at Risk if Cybersecurity Bills Stall, According to Congressional Republicans | Bloomberg BNA.