Execs Testify In Favor Of National Data-Security Law

Wouldn’t want them to do something, just for the reason that it’s the right thing to do. So, because "they" screwed up we need a new law...

Executives from companies stung by losses or theft of customer information vowed Wednesday [04/05] to do more to safeguard sensitive information and backed a federal law to require disclosure if customer data is compromised.

In prepared testimony for a hearing by the House Committee on Financial Services, executives from Bank of America, ChoicePoint, and LexisNexis supported legislation patterned after California's law requiring companies to notify customers about security breaches.