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Execs Could Face Prison, Fines Under Wyden Privacy Proposal (1)

Nov. 1, 2018, 5:26 PMUpdated: Nov. 1, 2018, 5:34 PM

Company executives could face criminal penalties and prison time for misleading the government on data protection, under a draft bill by Sen. Ron Wyden.

Wyden, an Oregon Democrat who is outspoken on privacy and civil liberties issues, proposed the legislation Nov. 1 that would let consumers opt out of data sharing and allow the Federal Trade Commission to fine companies for privacy violations on the first offense.

“It’s time for some sunshine on this shadowy network of information sharing,” Wyden said.

His proposal comes as lawmakers mull the best approach to privacy legislation for major tech companies like Alphabet Inc.'s ...