Resources for Sarbanes-Oxley (SOX)

Data breach is not one-size-fits-all

www.intergovworld.com

Recent high-profile data breaches have brought the issue of protecting confidential information to the forefront of the security industry and the public mind.

In October of this year, reports were issued revealing that the magnitude of the TJX data breach was far greater than previously indicated - with fraud-related losses on Visa accounts alone ranging from $68 million to $83 million, spread across 13 countries.

With the Privacy Rights Clearinghouse reporting that over the last two years data leaks have comprised more than 150 million personal data records in the U.S. alone, it is clear that the problem of data breaches won't be going away any time soon. As such, it is no surprise that governments in many countries, including Canada, are considering laws that will mandate how sensitive data is handled by large enterprises and small and medium-sized businesses (SMBs).

Now a litigious discussion across the country, the question has been raised as to whether it is the government's responsibility to implement standardized data breach laws - particularly in the U.S., United Kingdom and in Canada.

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