Citi Breach Builds Momentum for Federal Data Security Standards
The call for a national standard for when and how banks, insurers and financial services companies must notify customers of a data breach beefs up penalties for cyber crimes by synchronizing them with other laws, such as the Racketeering Influenced and Corrupt Organizations Act.
June 22, 2011
The Obama administration's push to create a national standard for when and how banks and other companies must notify customers of a data breach appears to be gaining momentum.
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