Since Equifax announced a data breach in September 2017, legislators have been trying hard to penalize the lax attitude of data managers (including credit scoring companies). Recently, a bill was tabled in the Senate (Data Breach and Compensation Act), which proposes significant fines in the event of a data breach. Looking into the fine print, the bill recommends a fine of $100 per customer whose personal information gets compromised (with an additional $50 for each piece of data put at risk
13 Jan 2018
*Data Breach and Compensation Act*
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*Data Breach and Compensation Act*
Experian PLC (EXPN:LON) | 3,266 -359.3 (-0.3%) | Mkt Cap: 30,002m
- Published:
13 Jan 2018 -
Author:
Ankush Kathuria -
Pages:
2
Since Equifax announced a data breach in September 2017, legislators have been trying hard to penalize the lax attitude of data managers (including credit scoring companies). Recently, a bill was tabled in the Senate (Data Breach and Compensation Act), which proposes significant fines in the event of a data breach. Looking into the fine print, the bill recommends a fine of $100 per customer whose personal information gets compromised (with an additional $50 for each piece of data put at risk