President Wants Laws on Student Privacy, Hacking Notification
The rash of data breaches has tested the patience of the President of the United States.
Yesterday, President Barack Obama took steps to counter identity theft by calling for laws to protect the personal data of students and require notification when consumer information is hacked.
Obama asked Congress to pass “The Personal Data Notification & Protection Act”. This legislation would require companies to inform customers within 30 days if their data has been hacked. The proposal would also make it a crime to sell stolen identities overseas.
In addition, the President proposed “The Student Digital Privacy Act.” This would prevent companies from selling student data to third parties for purposes unrelated to the educational mission and from engaging in targeted advertising to students based on data collected in school.
“If we’re going to be connected, we need to be protected,” Obama said in his speech at the Federal Trade Commission.
Obama took the opportunity to announce that Chase and Bank of America will begin offering free credit scores to their credit card customers. Discover, Barclaycard and Citi have been offering free credit scores for some time.
This entry was posted in Credit Card News and tagged Bank of America , Discover , Chase , Citi , Barack Obama , data breaches , identity theft , identity fraud , President Obama , personal information , Barclay , cybersecurity , credit card breaches , data hacks , If we're going to be connected we need to be protected , student information , student privacy , The Personal Data Notification & Protection Act , The Student Digital Privacy Act
The information contained within this article was accurate as of January 13, 2015. For up-to-date
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