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Data Breach Notifications: Time For Tough Love
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RobPreston
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RobPreston,
User Rank: Apprentice
2/7/2014 | 9:37:51 AM
Re: A complicated issue
I'm generally not a fan of adding more regulations, but this one seems like a no-brainer. As a customer, that is my data that I've entrusted to the vendor. There's an implied covenant that the vendor will protect it. Should that vendor get breached and my data get stolen, I have a right to know about that. If someone broke into my locker at my local fitness club and stole my sneakers, wouldn't the club have the responsibility to tell me if it knew about the break-in? Even more so with data--because getting notification might allow me to do something about the situation after the fact.
Li Tan
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Li Tan,
User Rank: Apprentice
2/7/2014 | 9:28:21 AM
A complicated issue
This is really a complicated issue, even a kind of paradox. The data breach happens and the enterprise is the first victim. Its business data got exposed, which will result in monetary loss. Then the enterprise need to be responsible for its own customers. The issue of data breach notification is an extremly tough task - how do you do the wording to make public set with the fact stated in the notification? How do you evaluate the actual loss?...
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