The latest Identity Theft Resource Center® and CyberScout® Annual End-of-Year Data Breach Report reveals 126% increase in exposed Consumer Data with 1.68 Billion Email-Related Credentials affected. Hacking was the most common form of data breach and The Business Sector had the largest amount of data breaches.
While every state now has a data breach notification law, many use vague language defining how quickly consumers must be informed once a data breach is discovered. Statutes often include the phrase “without unreasonable delay” or “in the most expedient time possible.”
Last year Colorado legislators have signed into law one of the nation's strongest data privacy laws to better protect Colorado consumers and reduce the risk of Identity Theft. This new law, HB[masked], also known as, Protections for Consumer Data Privacy Act went into effect in 2018 and has specific requirements that all businesses must take if they collect any Personal Identifiable Information from Colorado consumers.
With these specific notification requirements now in place, businesses have key responsibilities they must adhere to otherwise they run the unnecessary risk of penalties should a breach occur. Statistics show that 60% of all business close within 6 months after such an incident (yikes)!
With all the recent news happening, have you done your due diligence?
Join us for this special workshop event and identify what steps you can follow to safeguard your client data and remain compliant with the latest data privacy rules in Colorado. Your business's future and reputation are literally on the line.
Register now to learn how you can increase your business resiliency and protect yourself from any malicious threat or negligent accident.
Join this important educational session presented by Ron Gallegos Jr of Mile High IT Services Ltd.