Georgia, New York and North Dakota require government entities to report data breaches to a central state office of information technology. Oregon expanded the list of those required to report a breach to include tax professionals. Connecticut and Utah enacted legislation that provides an incentive for private sector entities to have reasonable security practices in place at the time of a breach. California expanded the definition of personal information in the security breach law to include genetic information. Require private sector entities to report breaches to the state attorney general or other state entity.Īt least seven state-California, Connecticut, Georgia, New York, North Dakota, Oregon and Utah (highlighted in bold below)-enacted bills 2021.Expand definitions of "personal information" (e.g., to include biometric information, health information, etc.).Provide an affirmative defense for entities that had reasonable security practices in place at the time of a breach.Require state or local government entities to report data breaches. Establish or shorten the time frame within which an entity must report a breach.The most common trends in legislation this year include proposals that would: At least 22 states, listed below, introduced or considered measures in 2021 that would amend existing security breach laws. Lawmakers continue to review existing laws, however. Law, Criminal Justice and Public SafetyĪll 50 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands have enacted security breach notification laws that require businesses or governments to notify consumers or citizens if their personal information is breached.Communications, Financial Services and Interstate Commerce.E-Learning | Staff Professional Development.Research, Editorial, Legal and Committee Staff.Legislative Staff Coordinating Committee.Institute for International Cooperation.The presenter will make specific recommendations, but the participant is highly recommended to do their own due diligence before making any investment decision. The information presented in this presentation is for educational use only. The use of these names, logos, and brands does not imply endorsement.Įducational Use Only. All company, product, and service names used in this website are for identification purposes only. All product names, logos, and brands are the property of their respective owners. Produced by Alicia Yoss & Alanna RegalbutoĮducation and Compliance By K2 Enterprises ()Ĭopyright. Take a quick 5 question quiz and get your certificate today. Participants will gain a deeper understanding of what data breaches are, how they occur and what they can do to protect themselves and their organizations.Īre you a CPA? Are you a Financial Professional? Earn CPE Credits for Today's Podcast. This class will dive deeply into the 2022 Verizon Data Breach Investigation Report (DBIR), which analyzed over 23k security incidents and over 5k data breaches. They can expose sensitive information that can result in identity theft, industrial espionage, and even compromises in national security. From recent data, they are an even more significant threat this year compared to last year and only gaining momentum. They often go beyond the scope of an individual organization’s operations and now can have far-reaching repercussions. A significant breach wreak havoc on the lives of its customers, staff, and the greater public. Data Breaches pose an extensional threat to all businesses.
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