Connecticut Senate Bill SB00811

Connecticut 2019 Regular Session

• Introduced: 2/7/19
• Refer: 2/7/19
• Report Pass: 3/5/19
• Refer: 3/15/19
• Report Pass: 3/21/19
• Refer: 4/17/19
• Report Pass: 4/22/19
• Refer: 4/23/19
• Report Pass: 4/30/19
• Engrossed: 5/8/19
• Report Pass: 5/10/19

Caption

An Act Increasing Penalties For Computer Crimes Against Financial Institutions And Their Customers.

Impact

If enacted, SB00811 would significantly strengthen state laws regarding cybersecurity, specifically in the context of protecting financial institutions and their data. By categorizing offenses such as unauthorized access and data theft as felony offenses, this bill aims to deter potential violations. Subsequent revisions in penalties may also lead to increased compliance measures among financial institutions, thereby enhancing overall cybersecurity practices across the state.

Summary

SB00811, titled 'An Act Increasing Penalties For Computer Crimes Against Financial Institutions And Their Customers,' aims to enhance the penalties for various computer crimes specifically targeted at financial institutions. The bill proposes substantial fines and harsher penalties for individuals convicted of committing computer-related offenses that cause damage to the property of financial institutions or their customers. It identifies a range of illegal actions, including unauthorized access to computer networks and the fraudulent alteration or creation of financial documents.

Sentiment

The general sentiment regarding SB00811 appears to be supportive among legislators concerned with protecting the financial sector from the growing threats of cybercrime. Advocacy groups focused on cybersecurity endorse the bill, viewing it as a proactive measure to safeguard personal data and financial assets. However, some critiques suggest that the bill may not address the root causes of cybercrime and could potentially lead to overreach in penalizing actions that may not warrant felony charges.

Contention

A notable point of contention surrounding SB00811 involves the definition of computer crimes and the thresholds for penalties. Critics argue that the bill's language might lead to overly harsh penalties for minor infractions, potentially stifling innovation in the cybersecurity sector. Additionally, questions arise about the balance between enforcing cybersecurity regulations and protecting individuals' rights to fair treatment under the law, raising deeper discussions about the implications of such stringent legislation.