Obama unveils new consumer proposals
Us President Barack Obama has unveil new proposals on how consumer’s personal data is handle. The president Obama said the internet creates ''enormous vulnerabilities.
Mr. Obama called for legislation that will require firms to inform customers of data breaches within 30 days as well as protect student’s information. He said identify theft and other cyber-attacks were a direct threat to the economic security of America. But shortly after his speech, the Twitter account for US Military central command was hacked, which he described as embarrassing for the pentagon. Mr. Obama 's propose came after a year in which many larger US by retailers including Target, Home depot and others were hit by cyber thieves keen to scoop up payment-card data.
Mr. Obama urged congress to pass a national wide law to require firm to inform customers within 30 days if their data has been hacked and make it a crime to sell customers identities overseas. He also asked congress to pass in legislation form a ''consumer privacy bill of rights'' created by the white house in 2012, designed to further allow consumers to determine how their information is used by firms online.
Mr. Obama also proposed more access to consumer credit reporting and a law that would prohibit educational software firms from selling student data to third parties.
Mr. Obama called for legislation that will require firms to inform customers of data breaches within 30 days as well as protect student’s information. He said identify theft and other cyber-attacks were a direct threat to the economic security of America. But shortly after his speech, the Twitter account for US Military central command was hacked, which he described as embarrassing for the pentagon. Mr. Obama 's propose came after a year in which many larger US by retailers including Target, Home depot and others were hit by cyber thieves keen to scoop up payment-card data.
Mr. Obama urged congress to pass a national wide law to require firm to inform customers within 30 days if their data has been hacked and make it a crime to sell customers identities overseas. He also asked congress to pass in legislation form a ''consumer privacy bill of rights'' created by the white house in 2012, designed to further allow consumers to determine how their information is used by firms online.
Mr. Obama also proposed more access to consumer credit reporting and a law that would prohibit educational software firms from selling student data to third parties.