Collaborate Disseminate
Reuters reports: Italy’s government is set to propose tougher jail terms for cybercrime and stricter disclosure rules for public bodies that come under attack from hackers, according to a draft law seen by Reuters on Wednesday. The bill, set for … Continue reading Italy government proposes tougher jail terms for cybercriminals
Financial institutions, cyber-insurance firms, and security firms have all been put on notice by the U.S. Department of the Treasury. Continue reading Researchers Mixed on Sanctions for Ransomware Negotiators
Despite trillions of dollars in breach fine payouts, each year the number of compromised companies and individuals with private data exposed rise. Continue reading Data Breach Fines: Are They Working to Boost Consumer Safety?
In July 2019, UK Information Commissioner’s Office (ICO) announced its intention to fine two companies for violating the European Union’s General Data Protection Regulation (GDPR). ICO began by disclosing its intention to penalize British A… Continue reading Most Security Pros Think Recent GDPR Fines Won’t Significantly Affect Policies
Two Democratic senators introduced a bill Wednesday that would provide new regulatory powers for the Federal Trade Commission so that it can punish companies like Equifax and others in the credit reporting industry for poor cybersecurity practices. The “Data Breach Prevention and Compensation Act” by Sens. Elizabeth Warren, D-Mass., and Mark Warner, D-Va., contains plans for the creation of a “Cybersecurity Office” within the FTC to be led by a career supervisor who will be able to enforce financial penalties on rule breakers. This supervisor would need to maintain relations with the credit reporting industry as the FTC proposes future cybersecurity standards and other related regulations. The move comes in the wake of the massive data breach at Equifax in 2017, which caused the private records of more than 145 million Americans to be compromised by hackers. A subsequent investigation into the incident by the FBI showed that an outdated piece […]
The post Senators introduce bill to counter bad cybersecurity practices in credit reporting industry appeared first on Cyberscoop.