Data breach legislation on the cards for EU firms
News Article - Monday, October 30, 2006 11:24
Filed under: IT Security & Business Continuity
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Proposals have been published by the European Commission which could force companies to notify regulators and customers of all security breaches.
Based on a model already in place in the US, the regulations would make it necessary for telecommunications companies to divulge information of every data security breach that occurs, from virus attacks to laptop thefts.
The move could have significant consequences for the emerging telecoms sectors, such as Wi-Fi and VoIP, which are still in their relative infancy and as such are at most risk from hacking and similar attacks.
A similar but more restrictive system is already in place in California and has resulted in a large increase in the number of notifications being dealt with by the regulatory body.
However, unlike the US version, the plans from the EU do not put the onus on the businesses to rectify the security breach, merely notify the relevant parties that the breach has occurred.
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