The Illinois Personal Information Protection Act SB 1624 begins January 1st, 2020.
In a response to large-scale data breaches that keep reoccurring to small and medium business who are ignoring their IT security, Illinois’ Governor J.B. Pritzker has signed the Personal Information Protection Act into law starting January 1st, 2020.
Every industry of business in Illinois is affected under this new law. If your business stores the following: credit card numbers, social security numbers, passwords, account numbers or medical records, you must increase your security to stop any breaches. It does not matter if the data is stored in the cloud or locally on servers, it still must be protected, and you must prove that you were trying your best to protect that information in the event of a breach.
If your business does face a breach, you are now required to give immediate notice of the breach to the Illinois Attorney General. Failure or delay of giving notice can lead to fines up to $500,00.00.
This new law may also change your cyber security insurance policy and certain types of breaches may not be covered.
See the Bill here: SB1624
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