If this speeds up the notification process over in New Jersey it has to be a good start, but it is just the forst hurdle.
25th October 2014
"An Assembly panel on Thursday approved legislation sponsored by Assembly Democrats Troy Singleton, Ralph Caputo, Mila Jasey, Joseph Lagana and Annette Quijano to ensure that consumers are informed of security breaches made to their account.
Between 2005 and 2014, there have been 4,695 breaches exposing 633 million records, according to the nonprofit Identity Theft Resource Center. The average cost of a breach to an organization is estimated at $3.5 million.
“Identity theft is one of the fastest growing crimes in the country,” said Singleton (D-Burlington). “What we have learned from the recent security breaches at major retailers is that they can happen to anywhere and to virtually any company, large or small. It is essential for consumers to be kept informed of data breaches so that they can take the necessary steps to protect their information.”
Full Article
Userlevel 7
Good article Jeff, its about time local government got off their duff and set up legislation to help the company's' small and large.
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