Data execs tell House Committee they favour breach notification

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:

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...."