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From: security curmudgeon (jerichoattrition.org)
Date: Thu Jun 04 2009 - 17:42:48 CDT
Thursday, June 4, 2009
House committee approves data breach bill
>From CUNA News Now, June 4, 2009:
WASHINGTON (6/4/09)--H.R. 2221, the Data Accountability and Trust Act,
passed the House subcommittee on commerce, trade, and consumer protection
by a voice vote during a Wednesday markup session.
The bill, which was introduced by House Subcommittee Chair Rep. Bobby Rush
(D-Ill.), would require businesses to notify affected customers when
outside parties gain access to sensitive information due to a security
Although it supports the goal of granting greater information to consumers
whose personal information has been compromised by security breaches, the
Credit Union National Association (CUNA) on Wednesday asked legislators to
alter some portions of the bill.
In a letter to ranking subcommittee members, CUNA said that while most
businesses lack the contact information needed to alert their customers,
financial institutions normally have the means to directly communicate
with their account holders.
While any notification of data breach victims should be done by the
financial institutions, the cost of this notification should be covered by
the entity that compromised the data. Financial institutions should also
be allowed to disclose the source of the information leak to their
cardholders to avoid any harm that could be done to their reputation, CUNA
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