CIOs struggling with the technical implications of the Health Insurance Portability and Accountability Act and the Sarbanes-Oxley Act may be wondering what other ticking bombs are hidden under the IT landscape. We asked lawyers who specialize in technology to identify some of the more explosive risks and mitigation strategies. Here’s what they said: Security – In the realm of IT security, there are new legal risks every day. California Senate Bill 1386, which took effect July 1, requires that companies conducting business in that state notify California residents if they know or reasonably believe there has been a breach in security that might have put their personal information at risk. The purpose of the law is to enable customers to take protective measures — such as informing their credit card companies – to minimize any damage. Full Story
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