HB1033 TN introduced

AN ACT to amend Tennessee Code Annotated, Title 20; Title 29 and Title 47, Chapter 18, relative to data security.

Civil Procedure privacy

Plain-English summary

1. **ONE-SENTENCE SUMMARY:** This bill allows businesses to defend themselves against liability in case of a data breach if they have a proper cybersecurity program in place.

2. **KEY REQUIREMENTS:**
   - Implement a cybersecurity program that meets specific criteria.
   - Regularly assess and update your cybersecurity measures to ensure they are effective.

3. **DEADLINES:**
   - The bill is currently in the introduction stage; keep an eye on its progress for an effective date.

4. **PENALTIES:**
   - If a business does not have an adequate cybersecurity program during a data breach, it may face legal liability and potential damages.

5. **SMB IMPACT:** Small businesses should prioritize developing and maintaining a robust cybersecurity program to protect themselves from potential legal issues and financial losses in the event of a data breach. This bill could provide a safety net if they meet the required standards.

Source description

As introduced, creates an affirmative defense that may be utilized by a covered entity that is the subject of a data breach, if the covered entity’s cybersecurity program meets certain criteria at the time the breach occurs. - Amends TCA Title 20; Title 29 and Title 47, Chapter 18.

Not legal advice. Summaries are generated by AI from publicly available bill text and may contain errors or omissions. Always consult counsel before making compliance decisions.