California SB 1386 On July 1, 2003, California enacted an electronic selective information privacy law to protect residents from one of its fastest growth crimes: identity theft. SB 1386 (Civil Code 1798.29) requires businesses to notify California residents if a security breach results in disclosure of personal electronic data. All businesses are subject to this law regardless of size, location, or operations. Business owners should be aware of the problems associated with identity theft, the steps clamor for to comply with SB 1386, and the preventative measures available. Identity theft is a significant problem to both citizens and financial institutions.
The FTC estimates th at over 27.3 million Americans have been the victims of identity theft in the past louver years. The U.S. financial impact is staggering; in 2002 alone, losses were estimated at $48 billion to financial institutions and $5 billion to victims. The FTC reviewed trends from 214,905 cases tarradiddle in 2003, and California accounted ...If you want to get a total essay, order it on our website:
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