President Obama “will announce a handful of new consumer cybersecurity proposals on Monday, citing the growing threat of identity theft, data breaches and online fraud to Americans,” the Wall Street Journal reports. “In a speech at the Federal Trade Commission in Washington, Mr. Obama will unveil two legislative proposals designed to protect consumers’ personal and financial information, as well as the privacy of student data collected by schools and corporations… The proposals, which would outline corporate responsibilities in the event of a data breach and curtail companies’ ability to sell student data or advertise to students, will need a vote from Congress.” “The president will also announce new voluntary commitments from companies in the financial services, energy and education sectors—all designed to help safeguard vulnerable consumer data. Those include new promises from banking giants J.P. Morgan Chase & Co. and Bank of America Corp. to offer their customers free access to their credit scores, a move designed to cut down on financial fraud.” wsj/articles/white-house-to-propose-consumer-cybersecurity-measures-1421068868
Posted on: Mon, 12 Jan 2015 19:57:42 +0000
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