Because today's technology has taken commerce and communication to new heights, it also puts us at additional risk of identity theft as ever-increasing amounts of personal information are stored and transmitted electronically.

That’s why I signed legislation last week requiring that Michigan residents be notified by individuals and government agencies if the security of a database containing their personal information is breached. This includes information such as social security numbers, driver’s license numbers, and financial information. Failure to properly notify consumers of a security breach can result in a fine of up to $750,000.

The new notification requirement is similar to one part of a legislative package I called for last year. That proposal would have allowed consumers to freeze their credit reports in the event of identity theft, broadened the amount of data covered by the notification law, and increased penalties for identity theft crimes.

And while I am pleased to sign legislation that provides critical information to consumers, we still must do more to provide citizens with the tools they need to truly protect themselves. I am confident the new legislature will build on this new law to provide consumers with the protection they need to guard against identity theft and other electronic/technology risks. To read more, click here.