California's State Assembly looking to make retailers liable for security breaches
Posted on August 31, 2007
California’s State Assembly’s Committee on Appropriations voted 12 to 3 today on bill AB 779 which would make California the second state to codify PCI Security Standards AND make retailers liable for losses incurred from a data breach. The bill now moves forward to be reviewed by the full Assembly which will vote by June 8th.
The legislation would also require retailers to notify consumers if a data breach occurs and shifts the responsibility of sending out notices and card reissuance campaigns from financial institutions to merchants.
