Where does the buck stop in data security regulation? Is it at the financial institution or at the retailer who garners the class action lawsuit?\u00a0<\/p>\n
Retailers have said they should not be treated like banks, which are heavily regulated. Information Intelligence<\/a><\/p>\n The Credit Union National Association, \u00a0Financial Services Roundtable, the Consumer Bankers Association and four other financial trade associations\u00a0sent a letter to Congress on Friday asking to have new rules imposed upon\u00a0retailers that\u00a0handle customers\u2019 personal data. \u00a0This could impose fines of up to $1 Million per day for retailers.\u00a0\u00a0\u00a0The Hill\u00a0<\/a><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Where does the buck stop in data security regulation? Is it at the financial institution or at the retailer who garners the class action lawsuit?\u00a0<\/p>\n