PERSONAL IDENTIFYING INFORMATION SECURITY LAW CHANGES IN COLO

Effective September 1st, 2018 Colorado has new legal requirements for businesses to protect any “personal identifying information” they collect, and how and when they must report any compromise of that data. Most Colorado companies are affected by this law as they maintain customer, vendor, and contact data which, if compromised, might be used for identity theft and fraudulent purposes. Identity theft and misuse of financial data is a huge problem everywhere today. This strengthening of the security requirements is in direct response to a marked increase in data breaches and the misuse of stolen data.

The new law requires that a business that collects personally identifying information must have in place data security protocols to protect that data, and requires notification of all affected within 30 days of discovery of the breech

The law defines “personal identifying information” (PII) as a person’s social security number; personal identification number (PIN); a password; a pass code; an official state or government-issued driver’s license or ID card number; a government passport number; biometric data; ID number for military personnel, employees, or students, or device information for a financial transaction devices like but limited to smart phone and ePayment devices. This is for electronic and paper records alike.

Requirements: Companies must

Have a written policy for the destruction of records, paper and electronic, containing personal identifying information
Implement and maintain reasonable security procedures and practices appropriate to the nature of the data and the size and nature of the company.
Protect personal identifying information from unauthorized access, or modification.
Preclude third-party access to data containing personal identifying information.
Reasonably assure that third-parties with access to records containing PII are compliant with this law.
Disclose any breech where PII may have been exposed within 30 days of discovery or as directed by law enforcement.

Disclosure must include the estimated date and duration of the breech, description of what data was exposed, who to contact for more information, contact information for consumer reporting agencies and the FTC, and other contact information on mitigating the effects of the breech.

Colorado’s new cybersecurity PDF version of the HB 18-1128, effective Sept. 1, 2018

F1 Systems provides companies with a complete data security audit in preparation for these changes. We will review your overall security and can recommend best practices and configuration changes as needed. We can help you secure your business and lock down your PII data in compliance with this new regulation.

Contact F1 Systems for a complete on-site Colorado PII Security Compliance audit.