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CBAI and ICBA Urges Enhanced Security of Consumer Data

January 21, 2014

CBAI and ICBA have urged Congress to ensure that the party that suffers a data breach - whether it is a retailer, data broker, financial institution or other entity - should be responsible for fraud losses and the costs of mitigation and restitution when consumer information is compromised. In addition, both Associations also called for a single national standard to replace the patchwork of state laws on data security that fosters confusion and puts consumers at risk.

Community bankers can ask questions and share their experiences on security breaches by emailing Security Breach. More information is available on ICBA’s Toolkit on Maintaining Consumer Confidence During a Data Security Breach.

Read ICBA Press Release.

Read ICBA Letter to Congress.

Visit ICBA Toolkit.