Data Privacy and Security: New Rights and Obligations for Businesses and Citizens
This Act introduces new rules for collecting, processing, and sharing personal data, giving citizens greater control over their information. Companies will need to be more transparent in their practices and ensure better data protection, which aims to enhance everyone's digital security.
Key points
Increased Data Control: Citizens gain the right to access, correct, delete, and port their personal data, as well as withdraw consent for its processing.
Company Transparency: Businesses must publish clear privacy policies, detailing what data they collect, for what purpose, and with whom they share it.
Protection of Sensitive Data: Processing and sharing sensitive data (e.g., Social Security numbers, health data) requires explicit consent.
Data Security: Companies must implement reasonable safeguards to protect data from breaches and unauthorized access.
Corporate Accountability: Large companies will need to appoint data privacy and security officers and regularly assess data processing risks.
Anti-Discrimination Protection: The Act prohibits the use of data in ways that violate civil rights and are discriminatory, including through algorithms.
Data Broker Registration: Companies whose primary revenue comes from processing and sharing data must register with the Federal Trade Commission (FTC).
Enforcement: The Federal Trade Commission (FTC) and State attorneys general will enforce the new regulations, with penalties for violations potentially funding a victim relief fund.
Expired
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