Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

WASHINGTON (Reuters) - A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards.

Sen. Ron Wyden Introduces Bill That Would Send CEOs to Jail for Violating Consumer Privacy

Sen. Ron Wyden Introduces Bill That Would Send CEOs to Jail for Violating Consumer Privacy

The Senator’s proposal would dramatically beef up Federal Trade Commission authority and funding to crack down on privacy violations, let consumers opt out of having their sensitive personal data collected and sold, and impose harsh new penalties on a massive data monetization industry that has for years claimed that self-regulation is all that’s necessary to protect consumer privacy.

Senate Dem wants to imprison tech execs over repeated privacy violations

Senate Dem wants to imprison tech execs over repeated privacy violations

A Democratic senator has unveiled a new proposal for a national privacy law, one that would subject technology CEOs to lengthy prison sentences for repeated violations. Wyden says that the proposal is meant to start a discussion as Congress deliberates over a national privacy standard following a string of data scandals at major companies.