Windows 7 Forums
Welcome to Windows 7 Forums. Our forum is dedicated to helping you find support and solutions for any problems regarding your Windows 7 PC be it Dell, HP, Acer, Asus or a custom build. We also provide an extensive Windows 7 tutorial section that covers a wide range of tips and tricks.


Windows 7: Bill Could Impose Stiff Fines on Companies With Lax Online Security


11 Sep 2011   #1
Microsoft MVP

64-bit Windows 8.1 Enterprise
 
 
Bill Could Impose Stiff Fines on Companies With Lax Online Security

Quote:
Sony executives bowed down before the Japanese and international press earlier this year to tell everyone “we’re sorry”, but for those of us wondering if our credit card numbers were being sold off on the seedier parts of the web, somehow “we’re sorry”, just didn’t cut it. A new law being presented by Democratic Senator Richard Blumenthal however will finally start holding large companies responsible for cyber security, and impose pretty harsh penalties on firms that don’t take the appropriate precautions.
Read more at: Maximum PC | Proposed Bill Could Impose Stiff Fines on Companies With Lax Online Security


My System SpecsSystem Spec
.

11 Sep 2011   #2

Windows 7 Pro-x64
 
 

"If the new bill passes, Senator Blumenthal said, customers would be able to sue companies, like Sony, that do not take adequate precautions."

Sounds like it's going to be a limp bill with no teeth. People can sue now if they have deep enough pockets. And most credit card companies have automatic fraud protection. The fines are just another income cry by the Government. If he really wanted to help customers, the bill should propose automatic restitution for those affected by a security breach. Recovering from identity theft can take years and thousands of dollars. The "fines" should go to the customers or the banks that have to eat the fraud costs, not the Treasury.
My System SpecsSystem Spec
Reply

 Bill Could Impose Stiff Fines on Companies With Lax Online Security




Thread Tools




Our Sites

Site Links

About Us

Find Us

Windows 7 Forums is an independent web site and has not been authorized, sponsored, or otherwise approved by Microsoft Corporation. "Windows 7" and related materials are trademarks of Microsoft Corp.

© Designer Media Ltd

All times are GMT -5. The time now is 03:45 AM.
Twitter Facebook Google+



Windows 7 Forums

Seven Forums Android App Seven Forums IOS App
  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33