A coalition of 22 financial, technology and retail trade groups has called on Congress to pass legislation governing consumer data protection and breach notification.
On Thursday, the organizations wrote a letter to the House Energy and Commerce Committee calling for the enactment of national data breach legislation that would protect consumers’ sensitive data.
The groups said they believe such a bill should establish a standard for data protection and a process to notify breach victims, law enforcement and applicable regulatory agencies.
The bill should also require the Federal Trade Commission and state Attorneys General to enforce the national data security standard, the groups added.
“We therefore look forward to working with you and your colleagues to ensure that all sectors employ sound data security and alert consumers when a breach may result in identity theft or other financial harm,” the letter states.
Industry groups that signed the letter are:
- ACT The App Association
- American Bankers Association
- American Insurance Association
- American Land Title Association
- BSA The Software Alliance
- Consumer Bankers Association
- Credit Union National Association
- Electronic Transactions Association
- Financial Services Roundtable
- Independent Community Bankers of America
- Independent Insurance Agents and Brokers of America
- Internet Commerce Coalition
- National Association of Federally-Insured Credit Unions
- National Association of Mutual Insurance Companies
- National Business Coalition on E-Commerce & Privacy
- Property Casualty Insurers Association of America
- Reinsurance Association of America
- Retail Industry Leaders Association
- Twenty-First Century Privacy Coalition