Banks, Retailers Debate Cyberdata Security Bills

Jun 16

Cyberdata breaches of businesses have become numbingly common over the past several years. How the tide should turn is the subject of a fierce debate between retailers and bankers.

Over the past decade, banks, credit unions and other lenders have been required to establish security breach programs and to notify their customers promptly when breaches occur.

Now some members of Congress want to apply the banks’ standards to retailers, and retailers are pushing back.

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