James Chilton reports: A House committee on Thursday approved two Senate bills related to private information and companies’ duties in notifying clients of data breaches. The House Corporations, Elections and Political Subdivisions Committee unanimously approved Senate Files 35 and 36. SF35 would establish the actions companies must take if they learn that clients’ personal information…
Category: Breach Laws
NL: Dutch house approves law on personal data breach reporting
Telecompaper reports: The lower house of the Dutch parliament has approved legislation requiring businesses and organisations to report security breaches of personal data they hold. The Law on Personal Information will be expanded to include the new requirement, which applies to businesses of all sizes as well as public sector agencies. Read more on Telecompaper.
New Mexico needs a data breach notification law, but is this the right one?
Will New Mexico finally join the ranks of states that require data breach notification or will it remain one of only three holdouts? Dan Mayfield reports that Rep. Bill Rehm has introduced a bill to require businesses to notify consumers in the event of a breach. Rehm tried to pass a similar bill last year but got pushback from…
Illinois AG Madigan: Federal data breach law should not weaken states’ consumer protections
Following what has been termed “The Year of the Data Breach,” Attorney General Lisa Madigan today testified before the U.S. Senate, calling on Congress to enact a strong, meaningful federal data breach notification law that provides greater transparency for data breach victims and regulators to better understand what information was compromised in a breach, how…
Courts Address the Level of Security Banks Must Provide to Business Accounts
Angel Diaz writes: Big or small, all bank accounts are susceptible to hijacking and fraudulent wire transfers. Banks ordinarily bear the risk of loss for unauthorized wire transfers. Two independent frameworks exist to govern these transfers: the Electronic Fund Transfer Act (“EFTA”) for consumer accounts, and Article 4A of the Uniform Commercial Code (“UCC”) for…
Lawmakers re-introduce bipartisan data security bill
Cory Bennett reports that Reps. Joe Barton and Bobby Rush have re-introduced the Data Accountability and Trust Act (DATA) in the House – a bill this blog has been reporting on since 2009. The measure: would deputize the Federal Trade Commission (FTC) to set nationwide data security standards for companies handling sensitive data, such as full…