Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Data privacy bill threatens corporate fines, jail for executives

Joe Mont | November 1, 2018

Sen. Ron Wyden (D-Ore.) has made public the draft of proposed legislation that would, in his words, “create radical transparency into how corporations use and share their data and impose harsh fines and prison terms for executives at corporations that misuse Americans’ data.”

The proposed Consumer Data Protection Act, announced on Thursday, would allow consumers to control the sale and sharing of their data and gives the Federal Trade Commission added authority over privacy protection.

The bill empowers the FTC to establish minimum privacy and cyber-security standards and authorizes the agency to assess civil penalties of up to $50,000 per violation and 4 percent of the...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.