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Wednesday, September 28, 2016

Federal Trade Commission Officials Encourage Data Breach Notification Legislation

Following news last week of a massive hack affecting an estimated 500 million Yahoo customers, all three FTC commissioners yesterday voiced their support for a federal-level law that would set notification requirements after consumer data breaches.

“Data security is one of the most significant issues we face as a nation,” said FTC Chairwoman Edith Ramirez, testifying at a Senate Commerce Committee hearing. “I think Congress needs to take action in this area… I am in favor of legislation and believe it’s something that ought to happen.” She recommended a 30-to-60-day timeframe for companies to be required to inform their customers about a data breach.