On the one-year anniversary of Equifax’s infamous announcement that hackers had breached the company’s data security safeguards and compromised personal information belonging to more than 100 million people, Rep. Blaine Luetkemeyer (R-Mo.) introduced bipartisan legislation designed to hold companies accountable for the security of the consumer information they hold.
The Consumer Information Notification Requirement Act proposes to amend the Gramm-Leach-Bliley Act to require companies to establish and maintain safeguards to keep data safe and alert affected parties in the event of a breach.
Find out more details about the newly introduced legislation.