InformationWeek > Customer Data Security > Execs Testify In Favor Of National Data-Security Law > May 4, 2005:
"Executives from companies stung by losses or theft of customer information vowed Wednesday to do more to safeguard sensitive information and backed a federal law to require disclosure if customer data is compromised.
In prepared testimony for a hearing by the House Committee on Financial Services, executives from Bank of America, ChoicePoint, and LexisNexis supported legislation patterned after California's law requiring companies to notify customers about security breaches...."
Thursday, May 05, 2005
Yesterday, May 4, 2005, the United States House of Representatives Committee on Financial Services held a hearing entitled "Assessing Data Security: Preventing Breaches and Protecting Sensitive Information." The prepared statements from the witnesses are here: House Committee on Financial Services. According to coverage of the hearings, the witnesses from Bank of America, ChoicePoint and LexisNexis testified in favour of California-style mandatory notification of privacy breaches: