New Federal Bill Seeks Jail Time for Nondisclosure of Data Breaches

Data Security Breaches

Wired reports on a new bill introduced in the Senate that wants to make nondisclosure of data breaches a jailable offense nationwide. Some states already have statutory penalties for companies that seek to hide data breaches, but the new bill would set a uniform approach for all 50 states. Under the current terms of the bill, failure to come forward within 30 days of a breach could lead to up to 5 years in prison for executives who attempt to cover up attacks leading to the improper exposure of private personal data. [Read more…]