Obama to propose new laws to protect consumer data, privacy

[Yahoo! News]

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By Roberta Rampton WASHINGTON (Reuters) - U.S. President Barack Obama on Monday plans to discuss three new proposed laws aimed at protecting Americans and the trail of data they leave on smart phones, computers and other devices. Congress has long wrestled with how to beef up federal laws to protect consumers and their privacy, a struggle that intensified after hackers stole massive amounts of credit card data from companies like Target and Home Depot The White House said Obama will weigh in with his legislative ideas during a speech at the Federal Trade Commission at 11:55 a.m. ET. ...

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