Is a business in your state required to let you know if they experience a security breach
One of the things many business owners are not aware of is "disclosure" requirements. The majority of states in the U.S. have passed some sort of disclosure law. This means that a business that experiences a security breach may be required to "go public" about the breach. In many cases businesses could face stiff penalties for neglecting to do so.
In order to educate everyone on what these laws are, I'm providing a link to the most current information. The last update was August 21st, 2007. Each state is listed with a synopsis of the law and the effective date of that law. Check the list for your state. Remember the law is not a static thing, they are constantly amended, reinterpreted, updated and enacted so check with your state for the most current information on how your statte handles the issue of security breaches.
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Comments (2)
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
I try Darrel. This is only State information. We all fall under at least one Federal law, FACTA. I can bet two thirds of the American business owners have not even heard of it, much less understand that they must comply with it. There are no exemptions for FACTA, If you are in business (Even home based no employee businesses) you have liability under the law.
Darrel (MyMagic) Hoo...7
Multiple streams, free to join.
Great info