Why We Need a Single, Strong Federal Privacy Law
Regulatory compliance continues to be the main driver for security spending in almost all industries. But in essence, compliance is assymetrical warfare: it costs a lot more to comply with new regulations than it does to write them.
By Andreas M. Antonopoulos
That's exactly why we need a federal privacy law. All of these state and local regulations create an artificial barrier for companies to compete nationally and globally. They make every new out-of-state hire an opening for yet another massive regulatory burden. But in the end, all of these laws are aiming for the same basic goal: the protection of information about people. When there is a patchwork of local laws and a common challenge that affects interstate commerce, the federal government's role is clear and compelling. Harmonization under a single federal privacy law, one with teeth and clear rules, must be a top priority for Congress.
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