Raised Bill No. 5430 Summary

• Expands the definition of "computer data" to explicitly include nonpublic personal information of individuals using financial institution products or services that is processed by computers owned, leased, or licensed by financial institutions.

• Adds "financial institution" definition covering banks with FDIC insurance, credit unions with NCUA insurance, SEC-registered broker-dealers, state-licensed insurance companies, and SEC or state-registered investment advisory firms.

• Establishes criminal penalties for unauthorized computer use targeting financial institutions: Class B misdemeanor as baseline, Class A misdemeanor if reckless actions cause damage exceeding $2,500, and Class D felony if malicious actions cause damage exceeding $2,500.

• Prohibits selling, distributing, or possessing software designed to falsify electronic mail transmission information or routing information, with limited legitimate commercial purpose.

• Takes effect October 1, 2020 and amends Connecticut General Statutes Section 53-451.