A bill introduced by Rep. Blaine Luetkemeyer, R-Mo., chairman of the House Subcommittee on Financial Institutions and Consumer Credit, on Sept. 7 aims to create a national standard for financial institutions to notify consumers of data security breaches.
The congressman noted the timing of the bill’s introduction at the one-year anniversary of Equifax’s disclosure of a data breach that impacted the personal data of more than 140 million people, which he called “an astounding violation of consumer trust.”
via House Bill Would Create Financial Data Breach Notification Standard – MeriTalk.
