Friday, October 23, 2009

Companies must inform customers of data breach

Although losses of personal data on paper aren’t covered under the law, Zachary Hammerman suggests firms should handle it the same way.

Businesses are now required by state law to tell Missouri customers when personal information is compromised and their identity is at risk of being stolen by hackers.

Fines up to $150,000 can be levied against businesses for willful noncompliance. Zachary Hammerman, an attorney in the intellectual property and technology transactions practice groups of Greensfelder, Hemker & Gale PC in St. Louis, has been advising business clients on how to comply with the new law, which went into effect at the end of August.

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