It has been revealed that three Senate Commerce Committee Democrats have introduced a bill that: 1. Requires companies to disclose breaches within 30 days 2. Makes concealing a breach a crime punishable by up to five years in prison. Tim Erlin, VP Product Management and Strategy at Tripwire commented below.
Tim Erlin, VP Product Management and Strategy at Tripwire:
Breach disclosure laws protect consumers and hurt corporations. It’s unlikely that a meaningful national disclosure law will get serious consideration from a congress and Whitehouse that are clearly supportive of big business interests.”