The legal ramifications of breaches in data confidentiality and integrity can also be extremely costly for organizations. The US Government has enacted and is currently developing regulations to control the privacy of electronic information. In fact, there are currently approximately 50 bills before the US Congress related to the regulation of online privacy and security. The existing and pending regulations generally stipulate that organizations in violation could face a range of penalties. For example, organizations in violation of the Gramm-Leach Bliley Act, which includes several privacy regulations for US financial institutions, might face a range of penalties from termination of their FDIC insurance to up.
