As we are reminded all too frequently, safeguarding customer data remains a huge challenge. Whose heart hasn't skipped a beat with each headline blaring, "Another Data Breach At Retailer" compromising consumers' very personal information?
The General Accounting Office counted over 570 reported breaches in 2005 and 2006. Yet despite the frequency, there is still no uniform federal law mandating consumer notification or assigning liability with respect to such violations.
A number of states, frustrated with the absence of leadership on this issue in Washington, are taking action. To date, more than 35 states have passed post-breach notification laws.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
