California Moves Closer to Passing Data Breach Law
Jim Carr writes on SC Magazine Online:
California is a single signature away from passing a closely watched US bill that would require retailers to reimburse banks and credit unions for the costs of data breaches.More here.
The California State Assembly this week unanimously ratified amendments to its assembly bill added by the state senate a week ago.
The bill, known as the Consumer Data Protection Act, now requires just the signature of California Governor Arnold Schwarzenegger to become law.
He is expected to sign the bill, and Keri Bailey, a state legislative and regulatory lobbyist for the California Credit Union League, said if he does - and he has until about mid-October to do so - California will become the second state with such a law; Minnesota has already passed similar legislation.
posted by Fergie @ 9/13/2007 11:00:00 AM
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