Everyone should protect consumers’ information from thieves. When you make a purchase, you should have the confidence that everyone in the payment chain—from the retailer to the bank—is protecting you. But right now, different entities in the payment chain are held to different data security standards. It’s time to fix that.
The Data Security Act would:
Create Uniform, Nationwide Consumer Protections
EVERYONE IS RESPONSIBLE
Any entity that handles sensitive personal and financial data must protect that data.
No one-size-fits-all mandates; requirements are flexible based on the size of a business.
Creates uniform, nationwide consumer protections making it easier to protect Americans from identity theft & account fraud.
Promotes innovation in security—instead of mandating specific technology, businesses have freedom to develop cutting-edge security.
Builds on existing federal data protection and consumer notice standards.
QUESTION: What Can I Do To Support the Data Security Act?
ANSWER: Download our #StopTheDataBreaches Infographic and Fact Sheet and encourage members of Congress to support H.R. 2205 and S. 961.
The Data Security Act would enact strong data security protections for consumers while ensuring flexibility for businesses of all sizes.
Everyone that handles sensitive consumer data should be required to have a plan in place to protect it.
The current data breach notification system is an inefficient patchwork of state laws that creates gaps in security.
The Data Security Act is technology-neutral and does not impose a static set of security standards. As threats evolve, so too must efforts to combat fraud and data theft.
Bank compliance with data security and breach notification rules is mandatory. No currently proposed legislation will change that.
All entities that handle sensitive financial data should be required to protect that data. Financial institutions have had this obligation for 15 years, and it’s long overdue for Congress to pass legislation ensuring that everyone has a similar mandate to keep customer data safe. Instead of enabling breaches to continue unchecked, Congress should move forward the bipartisan Data Security Act and not waste the remainder of this year.