We’ve all heard about Target and other companies that have lost tons of information in data breaches. These breaches put credit card information, social security numbers, and other identifying information into the hands of those who are looking to harm people with it, or abuse the information.

Potential Laws for Data Breaches

data breachBecause of this, the government has been working to put together a law or act that addresses these issues and protects the consumers who may be affected by these problems. Yes, many companies have protocol in place when breaches happen, but a law would likely universalize how companies are supposed to move forward when they’re working with these sorts of issues.

What would this potentially include? Here are a few possibilities.

  • Protocol about what consumers can do when a breach occurs, in terms of suing and/or monetary retribution. In some cases, this may not be allowed, but in other cases, it may be. It’s very situational, and will likely get outlined in this sort of law.
  • Exact guidelines for what these companies have to tell you, including what information has been breached and whether or not they have been able to resolve whatever “holes” may have been used during the breach.
  • A requirement that includes updates in security and other stipulations before a previously breached company would be able to start taking in private information again.
  • Timetables related to all of the above issues and whatever else may come up during and after a security breach has occurred to a company. These timetables are likely going to be at the core of whatever the law(s) end up being, because they are important so that customers can work to protect themselves as quickly as possible after a breach has occurred.

All in all, these laws would be put into place so that the consumer would be protected, but also so that the consumer would not be panicked when such an incident occurred. There is a fine balance that is necessary when putting this together, so lawmakers have to be careful when putting these together.