RealNews

Companies are unprepared for California data privacy law

Companies doing business in California have a compelling reason to bolster their data security. A tough new state law that goes into effect July 1 will require companies that maintain data on California residents to inform individuals of any security breaches that result in their personal information being stolen. Apart from those in the financial services and health care sectors, few companies appear to be aware of the pending rules, according to some legal experts. That could be dangerous, since failure to comply with the statute’s requirements could expose companies to potentially costly lawsuits, legal experts warned. “The law is a sleeper that has not received much national attention,” said Christopher Wolf, a partner in the Washington office of Proskauer Rose LLP. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.