Archive for the ‘elizabeth warren’ Category

Elizabeth Warren wants jail time for CEOs in Equifax-style breaches

April 3rd, 2019
Sen. Elizabeth Warren (D-Mass.) speaks on April 1, 2019 in Washington, DC.

Enlarge / Sen. Elizabeth Warren (D-Mass.) speaks on April 1, 2019 in Washington, DC. (credit: Mark Wilson/Getty Images)

In 2017, criminals stole the personal data of about 143 million people from the credit rating system Equifax. It was a huge embarrassment for the company and a headache for the millions of people affected. Equifax's then-57-year-old CEO Richard Smith retired in September 2017, weeks after the breach was discovered, with a multi-million dollar pay package.

Massachusetts US Senator turned Democratic presidential candidate Elizabeth Warren wants to make sure that CEOs who preside over massive data breaches in the future don't get off so easily. On Wednesday, she announced the Corporate Executive Accountability Act, which would impose jail time on corporate executives who "negligently permit or fail to prevent" a "violation of the law" that "affects the health, safety, finances or personal data" of 1 percent of the population of any state.

A CEO could get up to a year in prison for a first offense. Repeat offenders could get three years.

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Posted in criminal penalties, Data breaches, elizabeth warren, Equifax, Policy | Comments (0)

Congress at SXSW: Yes, we’re dumb about tech, and here’s what we should do

March 13th, 2019
The United States Capitol Building, the seat of Congress, on the National Mall in Washington, D.C.

Enlarge / The United States Capitol Building, the seat of Congress, on the National Mall in Washington, D.C. (credit: Omar Chatriwala / Getty Images)

AUSTIN, Texas—Some legislators have an easier time attracting a sexy headline at an arts-and-tech conference like South By Southwest. Famous Democrats like Rep. Alexandria Ocasio-Cortez and Sen. Elizabeth Warren did just that over the weekend with their respective, radical suggestions about government oversight.

Meanwhile, other members of Congress sat in poorly attended panels, and their low numbers weren't helped with snooze-worthy names like "Politicians Yell at the Cloud" and "Politicians in Tech: When the Bubble Bursts." But what these panels lacked in pizzazz, they made up for with fascinating context, direct from three House Representatives, on how starved our American Congress is in terms of staffing and support for understanding and tackling America's biggest tech priorities.

The Senate is “woefully uninformed”

Conveniently for Congress's most tech-fluent members, they had an easy reference point to use for their messaging. "There was a glaring lack of knowledge from Senators when they interviewed [Facebook CEO] Mark Zuckerberg," Rep. Mark Takano (D-Calif.) said on Sunday, in reference to a 2018 Congressional hearing. "They were woefully uninformed."

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Posted in congress, elizabeth warren, Policy, SXSW, SXSW2019 | Comments (0)

Elizabeth Warren proposes breaking up Amazon, Google, and Facebook

March 8th, 2019
Elizabeth Warren holding a microphone and waving while speaking to a crowd.

Enlarge / Elizabeth Warren speaking to a crowd on February 18, 2019 in Glendale, California. (credit: Getty Images | Mario Tama)

Sen. Elizabeth Warren (D-Mass.) today proposed breaking up Amazon, Google, and Facebook as part of a plan to regulate tech platforms as utilities.

In a blog post, Warren said she'll pursue the plan if she wins the presidency. The first part of the plan is legislation that would designate the companies as "platform utilities" and break them apart "from any participant on that platform."

Warren wrote:

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Posted in amazon, elizabeth warren, Facebook, google, Policy | Comments (0)