The Regulation Big Business Is Begging For

From: National Journal

Why businesses want Congress to tell them what to do after data breaches.

By Brendan Sasso

It’s the kind of top-down, one-size-fits-all, heavy-handed regulation that corporate America despises. The exact type of mandate that businesses pay lobby shops millions to tweak and twist into oblivion. Except this time, America’s big-box stores are begging Congress to boss them around.

Reeling from high-profile privacy fumbles at Target and Neiman Marcus, retailers are asking Congress to require them to notify customers when shoppers’ information has been put at risk.

Currently, when firms spill data, they’re subject to a patchwork of state rules: 46 states, plus the District of Columbia, have their own privacy-breach notification laws. For a company like Target, which has stores in every state save Vermont, that means a massive compliance struggle.

Backers of a unified standard say a federal requirement would not only make companies’ lives easier but would also help firms serve their customers better by giving businesses a quick and comprehensive way to address hacks. And with tens of millions of Target and Neiman Marcus customers wondering if their credit cards are about to be used for someone else’s shopping spree, the issue has new momentum in an otherwise gridlocked Congress.

Rep. Lee Terry, the chairman of the House Commerce, Manufacturing, and Trade Subcommittee, has planned a data-security hearing, featuring testimony from a Target executive, for the first week of February.

Senate Judiciary Committee Chairman Patrick Leahy introduced a data-breach bill earlier this month, with the support of fellow Democratic Sens. Chuck Schumer, Al Franken, and Richard Blumenthal. Leahy, who has pushed similar legislation since 2005, said he also plans to hold a hearing on the issue.

But even with major retailers and business associations calling for a national standard, the legislation’s supporters have struggled to convince some Republicans that the bill isn’t just another nanny-state intrusion into companies’ private affairs.

Read Complete Article


7 responses to “The Regulation Big Business Is Begging For”

  1. Balance Blind says:

    I don’t think it can actually help a lot, but at the same time, I wouldn’t care about that if I were a customer.

  2. Malun Heren says:

    I know that many people actually care about their data, and I totally understand that, but for me, it’s necessary to collect it to analyze and improve the working process of my company. Tools like help a lot with that, and I can tell you that most entrepreneurs don’t use that data for their purposes.

  3. stenlikuet says:

    The larger the business, the more business partners you need to communicate with. I find it very convenient to use the templates for formal letters, which can be found here . When I stopped composing letters by hand, I found a lot of free time for more important tasks.

  4. garry hilton says:

    Follow-up emails are a great way to stay connected with your customers after your initial interaction. It shows you care enough about their experience to check-in but allows the conversation to happen at the customer’s convenience.

  5. Celly says:

    I’ve been wanting to improve customer retention and grow my brand for a long time and I’m glad I stumbled upon magento articles extension. With this powerful extension, you can easily create and send newsletters to your subscribers. this way I easily customize templates, schedule delivery, and track the success of my campaigns with detailed reporting.

  6. Mindy says:

    The business helped me have the money to please my dad on the upcoming holiday. If you are looking for a gift that will make your dad feel special this Father’s Day, check out father’s day hamper gift delivery uk. Their Father’s Day kits are filled with high-quality products that are sure to impress. I’m glad that I can give my dad a gift that he will never forget.

  7. Jessy says:

    You know, with NFT variables, you can create NFTs that evolve, change and adapt over time, creating a truly unique and dynamic experience for collectors. Take advantage of Variable NFTs and the infinite possibilities of NFT variables. This come on will help you become much better at developing various NFTs! Good luck!

Leave a Reply

Your email address will not be published.

Please Answer: *