Originally published November 17, 2005
Welcome to Vibes, Duane Morris' periodic update on legal developments in information technology, e-commerce and telecommunications.
Recent Developments
House Introduces the Financial Data Protection Act of 2005
On October 6, 2005, five members of the U.S. House of Representatives Financial Services Committee introduced the Financial Data Protection Act of 2005. This legislation is aimed at protecting personal information, preventing identity theft and providing a standard for informing consumers of data breaches. The proposed bill would, among other things, require companies to investigate possible breaches involving sensitive personal information and establish guidelines for notifying consumers about data breaches through the use of a standardized e-mail or envelope. The Act becomes one of several bills introduced this year in response to data breaches involving the personal information of up to 50 million people.
