Cory Doctorow reports: A new bill from Senator Elizabeth Warren proposes personal, criminal liability for top executives of companies turning over more than $1B/year when those companies experience data breaches and scams due to negligence (many of the recent high-profile breaches would qualify, including the Equifax giga-breach, as well as many of Wells Fargo’s string…
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Senator Warren introduces Equifax bill; launches industry probe
Chris Sanders reports: U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s (EFX.N) massive data breach and, along with 11 other Democratic senators, will introduce a bill to give consumers the ability to freeze their credit for free. Warren, who has built a reputation as a champion of consumers and…
Members of Congress Call for IRS to Investigate Tax Companies Sharing Data with Facebook
Members of Congress Call for IRS to Investigate Tax Companies Sharing Data with Facebook The Markup revealed the companies’ practices last year By: Colin Lecher and Simon Fondrie-Teitler Three congressional Democrats are demanding that the Internal Revenue Service investigate tax preparation companies for sharing sensitive taxpayer data with Facebook after The Markup revealed the practice…
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
This story was originally published by ProPublica and is reproduced with permission. While many are focused on the societal implications, remember that this incident involves a data breach or leak. Was this an insider/whistleblower leak or something else? They report, “ProPublica is not disclosing how it obtained the data, which was given to us in…
Senator Leahy introduces Consumer Privacy Protection Act; federal data breach notification law
Eric Chabrow reports: Privacy advocates in the Senate have unveiled a national data breach notification bill that would allow states to keep their own laws if they provide more stringent reporting and privacy protections than offered by the federal government. The Consumer Privacy Protection Act, introduced April 30, is sponsored by Sen. Patrick Leahy of Vermont…
Congress to banks: Admit you’ve been hacked!
Jose Pagliery reports: Banks have lost so much consumer information to hackers this year that two members of Congress are asking them to come clean with the extent of the damage. Tuesday morning, 16 financial institutions will receive letters from Sen. Elizabeth Warren and Rep. Elijah E. Cummings asking them to admit that they have…