[privacy] Canadian Parliament May Force Banks to Reveal Electronic Security Laps es

["Fergie" <fergdawg () netzero net>]

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I mean, come on. Privacy disclosures "... would have a significant
negative impact on consumers"? Give me a break.

Personally, I'd like to see this type of enforcement globally,
or else the confidence in banking and online commerce will force
folks to start putting their cash in their mattresses (again).

Via Canada.com (CanWest News Service, big props to Flying Hamster).

[snip]

A House of Commons committee is expected to propose new rules that would
force banks and other institutions to publicly disclose when they lose
customers’ personal information.

But the country’s major banks are fighting the idea, saying it would have
a “significant negative impact” on consumers.

The issue is about to reach a boiling point in Parliament, where the House
ethics committee is in the process of reviewing the Personal Information
Protection and Electronic Documents Act, designed to protect personal
information that is used by businesses, the government, as well as health
information.

[snip]

More:
http://www.canada.com/topics/news/national/story.html?id=3057f5bb-f3a9-4391
- -8970-5892edc2a56e&k=31459

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/

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