{"id":867,"date":"2018-01-08T19:26:00","date_gmt":"2018-01-08T19:26:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2018\/01\/08\/lege-trend-22-groups-of-banks-retailers-join-forces-wonder-twin-powers-urge-4-point-data-security-bill\/"},"modified":"2018-01-08T19:26:00","modified_gmt":"2018-01-08T19:26:00","slug":"lege-trend-22-groups-of-banks-retailers-join-forces-wonder-twin-powers-urge-4-point-data-security-bill","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/lege-trend-22-groups-of-banks-retailers-join-forces-wonder-twin-powers-urge-4-point-data-security-bill\/","title":{"rendered":"Lege Trend. 22 Groups of Banks &#038; Retailers Join Forces. Wonder Twin Powers Urge 4 Point Data Security Bill."},"content":{"rendered":"<p><strong>The 4 Issues the group wants covered by federal data breach legislation:<\/strong><\/p>\n<ul>\n<li><strong>A flexible, scalable standard<\/strong> for data protection that factors in:\n<ul>\n<li>the size and complexity of an organization<\/li>\n<li>the cost of available tools to secure data<\/li>\n<li>the sensitivity of the personal information an organization holds, as well as guarantees that small organizations are not burdened by excessive requirements.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Notification when a reasonable risk exists.\u00a0<\/strong>A notification regime requiring timely notice to impacted consumers, law enforcement, and applicable regulators when there is a reasonable risk that a breach of unencrypted personal information exposes consumers to identity theft or other financial harm.<\/li>\n<li><strong>Consistent, exclusive federal enforcement<\/strong> of the new national standard by the Federal Trade Commission (FTC) and state Attorneys General, other than for entities subject to state insurance regulation or who comply with the Gramm-Leach-Bliley Act or the Health Insurance Portability and Accountability Act of 1996\/HITECH Act. For entities under its jurisdiction, the FTC should have the authority to impose penalties for violations of the new law.<\/li>\n<li><strong>Clear preemption<\/strong> of the existing patchwork of often conflicting and contradictory state laws.\u00a0<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p><strong><a href=\"http:\/\/www.fsroundtable.org\/wp-content\/uploads\/2018\/01\/EC-DataSecurity-JointIndustries-01042018.pdf\">The group supporting federal data security legislation<\/a>:\u00a0<\/strong><\/p>\n<p>ACT | The App Association<\/p>\n<p>American Bankers Association<\/p>\n<p>American Insurance Association<\/p>\n<p>American Land Title Association<\/p>\n<p>BSA | The Software Alliance<\/p>\n<p>Consumer Bankers Association<\/p>\n<p>Credit Union National Association CTIA<\/p>\n<div title=\"Page 2\">\n<div>\n<div>\n<p>Electronic Transactions Association<\/p>\n<p>Financial Services Roundtable<\/p>\n<p>Independent Community Bankers of America<\/p>\n<p>Independent Insurance Agents and Brokers of America<\/p>\n<p>Internet Commerce Coalition<\/p>\n<p>National Association of Federally-Insured Credit Unions<\/p>\n<p>National Association of Mutual Insurance Companies<\/p>\n<p>National Business Coalition on E-Commerce &amp; Privacy<\/p>\n<p>Property Casualty Insurers Association of America<\/p>\n<p>Reinsurance Association of America<\/p>\n<p>Retail Industry Leaders Association<\/p>\n<p>TechNet<\/p>\n<p>Twenty-First Century Privacy Coalition<\/p>\n<p>USTelecom\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><strong>The 4 Issues the group wants covered by federal data breach legislation:<\/strong><\/p>\n<ul>\n<li><strong>A flexible, scalable standard<\/strong> for data protection that factors in:\n<ul>\n<li>the size and complexity of an organization<\/li>\n<li>the cost of available tools to secure data<\/li>\n<li>the sensitivity of the personal information an organization holds, as well as guarantees that small organizations are not burdened by excessive requirements.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Notification when a reasonable risk exists.\u00a0<\/strong>A notification regime requiring timely notice to impacted\u2026<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,3],"tags":[],"class_list":["post-867","post","type-post","status-publish","format-standard","hentry","category-activism","category-legislative-trend","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=867"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/867\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}