Senators push Data Breach Notification Bill

Two prominent Senate Democrats have offered a bill that would require businesses and nonprofit groups to meet baseline standards for safeguarding consumers' personal information, and to act quickly to provide notification in the event of a breach.

The Data Security and Breach Notification Act, introduced by Sens. Mark Pryor (D-Ark.) and John Rockefeller (D-W.V.), would mandate firms that engage in the collection and storage of personal information to implement "reasonable security policies and procedures" to prevent leaks or breaches.

In the event of a security breach, covered businesses and nonprofits would be obligated to notify all affected individuals within 60 days.

"As more and more of our personal information is collected and stored online and on computers, we need to ensure that the businesses storing this information are keeping it safe and giving us quick warning if it falls into the wrong hands," Pryor, the chairman of the Subcommittee on Consumer Protection, Product Safety and Insurance, said in a statement.

Read More at: http://www.esecurityplanet.com/news/article.php/3897501/Senate-Dems-Push-Data-Breach-Bill.htm