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Obama gives you a taste of his cybersecurity proposals

Obama gives you a taste of his cybersecurity proposals

In the wake of what I'm starting to call the summer of breaches, the White House is finally taking action. President Obama has proposed two pieces of legislation in a preview of his upcoming State of the Union address.

The first is called The Personal Data Notification & Protection Act. If you'll remember all of last summer's breaches, then you'll probably also remember how slow that affected companies were in admitting that they were hacked.

President Obama wants to impose a 30-day limit on hacked companies to inform customers who were affected by a data breach.

As of now, there are 47 state laws governing what companies should do in the event of a data breach. It's impossible for companies to keep up with the legislation.

A 30-day limit could mean that consumers would know when their data is compromised. The 30-day limit also helps companies around the nation build an in-case-of-emergency playbook for data breaches.

The Student Digital Privacy Act is another attempt to lock down Americans' online privacy. The legislation forbids selling student data for non-educational purposes.

If you've lived in a house with someone who turned 18, then you've probably seen the flood of "pre-approved" credit cards that start showing up in the mail. The massive amount of information floating around online could mean that more targeted advertisements and financial offers could start showing up.

Finally, the president suggested writing a new bill of rights. This time, the bill would focus on digital privacy.

While the details aren't clear yet, I'm eagerly awaiting more information. If you want to hear what I actually think of The Personal Data Notification & Protection Act, then be sure to subscribe to my Digital Minute. Click here for more information.

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Source: CNN Money
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