Government,
Administrative/Regulatory
Jan. 23, 2019
Data breach bill would create federal notification standard
See more on Data breach bill would create federal notification standardThe bill aims to amend the breach notification standards by adding language that financial institutions must establish procedures to protect consumer information, “including through the provision of a breach notice in the event of unauthorized access that is reasonably likely to result in identity theft, fraud, or economic loss.”
Chris C. Schwarz
Associate
ADLI Law Group
Email: chris.schwarz@adlilaw.com
Chris focuses his practice on corporate, business transactions and civil litigation. He can be reached at .
The Consumer Information Notification Requirement Act (H.R. 6743), recently introduced to the House of Representatives, would drastically change how consumers are notified of data breaches. Championed as a critical amendment to the Financial Modernization Act of 1999, the bill most significantly would preempt state data breach notification requirements and create a national data breach notification standard, at least for financial institutions. Doing so will have the ...
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