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Published: 12 Oct 2012

EXPOSE ChoicePoint's Rich Baich faced the perfect storm: a huge security breach, intense media attention and a shareholder revolt. What he needed was a response plan to get him out of the HOT SEAT. Legislation: Disclosure Loopholes ChoicePoint may have discovered the breach that exposed the personal data of 145,000 people, but the break-in likely would never have been publicly disclosed had it not been for California's landmark Security Breach Information Act, SB 1386. The Georgia-based company was bound by law to come clean to more than 35,000 affected Californians, and soon revealed that 110,000 more Americans nationwide were also at risk to identity theft. What few know is that the law gives compromised companies wide latitude as to when they must inform consumers. The gap between discovery and disclosure could ultimately work against numerous state and federal bills swiftly being modeled after the California statute. "I don't think that Congress or big business really has a clue yet as to how to deal with consumer data privacy," says Stephen Cobb, author... Access >>>

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