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Regulatory Requirements May Change The Data Breach Reporting Landscape.

At press time, two bills that could shape the way insurance companies deal with data breaches were in process.

The Financial Data Protection Act (HR 4127) is designed to protect consumers by requiring reasonable security policies and procedures to protect computerized data containing personal information, and to provide for nationwide notice in the event of a security breach.

Introduced by Rep. Cliff Stearns, R-Fla., the bill would preempt state laws governing consumer reporter data security responsibilities, except any laws governing professional confidentia

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  • Legislation to Amend Fair Credit Reporting Act Clears House
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