December 9, 2015
Protecting consumers’ data with strong security requirements continues to be a key focus on Capitol Hill, with an important Committee markup happening this week on related legislation.
The retailer trade associations continue to try and make a mess out of this very important issue. In one recent instance, they even suggested that protecting consumers from data breaches is optional, even though financial institutions have been required to uphold very high standards of protection for at least 15 years. They’re also suggesting that the law’s explicit data breach notification program that federal regulators have used to protect customers are merely discretionary.