How are businesses legally obligated to protect customers' ...

[jace]

How are businesses legally obligated to protect customers' personal information in the face of computer hacking and privacy concerns? Give three examples of personal data. Is there one overarching privacy law in the United States? Explain.

Question 2

Past benefits already received by a promisor cannot be consideration for a later promise.
  Indicate whether the statement is true or false

[Liamb2179]

Answer to Question 1

Many state and federal laws require businesses to collect and store customers' personal information in a secure manner. The Federal Trade Commission (FTC) is a leading agency that enforces laws against companies for failing to implement adequate safeguards to secure customers' personal data. Moreover, many laws now require businesses to notify customers of a security breach within a specific time of discovery of the breach, so that customers can monitor their personal and financial records for fraudulent activity.
Personal data may include information such as a person's birth date, Social Security Number, email and physical addresses, credit card number, and health records. In the United States, numerous privacy laws regulate businesses in specific industries, but there is no single, comprehensive privacy framework to govern the collection and storage of personal information.



Answer to Question 2

TRUE