Fergie's Tech Blog

Data Firms Fear State Oversight

An LA Times article by Joseph Menn, via SFGate.com, reports that:

Some of the companies facing criticism for letting consumer data fall into the hands of identity thieves are among the biggest backers of proposed federal rules to safeguard personal information.

The reason: The companies fear even tougher state rules.

Bills introduced in Congress after lapses at information broker ChoicePoint, LexisNexis and elsewhere would supersede the growing number of state laws, many of which impose stricter standards on data brokers, banks and credit reporting agencies. Rigorous disclosure requirements in California's law -- the first in the nation, in effect since 2003 -- brought many of the breaches to light.

posted by Fergie @ 12/27/2005 07:49:00 AM