LA Times: Obama wants firms to notify customers within 30 days of data breaches

President Obama on Monday proposed the first federal standard for data breaches, which would require companies to notify customers within 30 days of the discovery that their personal information was exposed to hackers.

In a speech at the Federal Trade Commission, Obama also called for federal protection of information collected from students at school. That proposal, based on a California law enacted last year, would prevent companies from selling student data to third-party firms for purposes unrelated to education, such as sending them targeted advertising…

Read the full article here: http://www.latimes.com/business/technology/la-fi-tn-obama-data-breach-cybersecurity-20150112-story.html