Explain the penalties accruing to companies that are not in compliance with the Data Accountability and Trust

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Explain the penalties accruing to companies that are not in compliance with the Data Accountability and Trust Act of 2009 (DATA), including (a) Failure to comply with security program requirements and (b) Failure to follow the breach notification rules. Assume a company had a data breach involving failure to notify 100 customers of the loss of their personally identifying information. What are the penalties? What is the penalty for a data breach involving failure to notify 100,000 customers?

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Accounting Information Systems

ISBN: 978-1260153156

2nd edition

Authors: Vernon Richardson, Chengyee Chang, Rod Smith

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