News

Advanced Search

NRF: Congress Must Pass Data Breach Notification Standards

Groups Warn Against Exemptions

Nov 7, 2014 11:49 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The National Retail Federation (NRF) along with 43 other organizations urged U.S. Congress to immediately pass a comprehensive breach notification law to establish a national standard for notifying consumers when a business suffers a security breach involving financial data or other sensitive personal information.

The proposal would apply to all businesses, including financial institutions, merchants, payment card processors, technology companies and telecommunications providers -- for any exemption empowers criminals. The group supports federal legislation that would standardize and streamline data breach notification rules so the public is promptly informed when breaches occur.

Some  of the data breach notification proposals that are being considered in Congress  only require those merchants collecting payment card numbers to notify consumers of a breach, which is not good enough, the groups warned, citing  the annual Verizon 2014 Data Breach Investigations Report that showed retailers accounted for 10.8 percent of data breaches in 2013, while the financial services industry accounted for 34 percent.

Consumers deserve to know when they are placed at risk regardless of where the risk arises. The public expects no less, the group stated.  “Congress should act to standardize reasonable, timely notification of sensitive data breaches whenever and wherever they occur. However, legislation that would demand notice of some sectors while leaving others largely exempt will unfairly burden the former and unnecessarily betray the public’s trust,” according to the group.

NRF has long supported federal legislation that would replace the varying breach notification laws across 47 states and four federal jurisdictions with a uniform national standard.


 

Tags: consumer, Jeff Miller, NRF, protection, retail, security breach
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.