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Daily Dashboard | Federal Bill Would Compel Companies To Disclose Breaches Related reading: CFPB releases Consumer Protection Principles on financial data sharing


A bill introduced into the U.S. Senate last week would require corporations and other entities to disclose data breaches. Sen. Pat Toomey (R-PA) introduced the Data Security and Breach Notification Act of 2012, which would preempt state data breach laws and create a national standard, Broadcasting & Cable reports. “A number of recent high-profile data breaches combined with the messy patchwork of 46 different state laws highlight how difficult it is for consumers to know their personal information is secure,” Toomey said, adding, a federal law would provide certainty for businesses and ensure “that all consumers and their personal information are afforded the same level of protection.”
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