Obama proposal: Hacked companies have 30 days to fess up

Obama will speak about the proposed legislation at a midday speech Monday before the Federal Trade Commission, according to a White House spokeswoman. The president also plans to mention them during his State of the Union speech on Jan. 20.

The administration cited a recent poll that showed 91% of Americans feel they’ve lost control of their personal information. Last year was so riddled with cyber break-ins that, early on, half of American adults had their personal information exposed.

“That can lead to less interaction with technology, less innovation, and a less productive economy,” the White House said in a statement.

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