Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
02 Nov 2018

A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards.

Senator Ron Wyden released a draft of legislation that would grant the Federal Trade Commission authority to write privacy regulations.

The measure would also allow maximum fines of 4 percent of revenue – matching European rules adopted earlier this year.

“It’s time for some sunshine on this shadowy network of information sharing,” Wyden said in a statement. “My bill creates radical transparency for consumers, gives them new tools to control their information and backs it up with tough rules.”

– By David Shepardson, Reuters, 2 November 2018.

Link to Reuters.

You can claim CPD minutes for reading this article, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Prison time, hefty fines for data privacy violations: draft U.S. Senate bill”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.