Senate Bill Would Punish Cos. For Lax Data Security

Law360, Washington (February 4, 2014, 9:12 PM EST) -- Two Democratic senators introduced a bill Tuesday that would create "stringent" penalties for companies that fail to establish safeguards against data breaches or quickly notify consumers that their information has been compromised.

Sens. Richard Blumenthal, D-Conn., and Ed Markey, D-Mass., claimed that the Personal Data Protection and Breach Accountability Act provides a multipronged approach for retailers to create security plans and work with federal agencies and law enforcement after an attack has occurred.

If passed, the bill would hold companies accountable for failing to implement adequate...
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