Data Security Bills Progress in Congress
Bills seeking to mitigate identity theft and to provide for nationwide notice in the event of a security breach have been progressing through Congress.
House bill 2221, the Data Accountability and Trust Act, sponsored by Rep. Bobby Rush, would require the Federal Trade Commission (FTC) to publicize regulations requiring people and corporations engaged in interstate commerce that own or are in possession of electronic data containing personal information to establish security policies and procedures. The legislation also would authorize the FTC to require the standard method or methods for destroying obsolete non-electronic data. The FTC would be required to audit an organization’s security practices following a breach.
House bill 2221 passed the House by a voice vote in early December 2009.
Sen. Patrick Leahy sponsored Senate bill 1490, the Personal Data Privacy and Security Act of 2009. The bill had been considered in committee and recommended for consideration by the Senate in mid-December.
This legislation would impose a fine and/or prison term of up to five years for concealing a security breach of sensitive personally identifiable information that causes economic damage to one or more individuals. The bill defines "sensitive personally identifiable information" as a person’s name combined with a Social Security number, home address, financial account information, date of birth or biometric data.
The Personal Data Privacy and Security Act also would require business entities that maintain personal information in electronic or digital form on 10,000 or more people to develop a personal data privacy and security program, though certain financial institutions, public records and entities covered under the Health Insurance Portability and Accountability Act would be exempted.
Inc. 5000 Includes Access Information Management
Inc. magazine has ranked Access Information Management, based in Pleasanton, Calif., among the fastest-growing companies in America, according to its Inc. 5000 list.
Access Information Management, a provider of records management, storage and destruction services for hardcopy and electronic records, also ranked at 137 among 2009’s top growing companies in the San Francisco Bay Area.
Access, which was formed in 2004, experienced a 196 percent increase in revenue during the last three years. The company says its success is a result of high customer retention thanks to customer service, its product offering and ongoing expansion into new markets.
Rob Alston, president of operations and business development for Access Information Management, says, "Facing a tumultuous recession, Access worked hard to maintain positive growth while continuing to offer our clients superior value. We attribute our success to our loyal customers and dedicated Access team members."
The 2009 Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, showing four full calendar years of sales. Also, companies under consideration have to be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
Complete results of the 2009 Inc. 5000, including company profiles and an interactive database, can be found at www.inc.com.
Access Information Management is a leading records and information management (RIM) services provider. Access offers a complete suite of RIM services, including records management, data protection, secure destruction and digital access. More information on the company is available at www.accesscorp.com.
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