Identity theft legislation, state law, Equifax
Identity theft is real, it’s here, and consumers need protection. Over the past five years hackers have stolen billions of consumers’ sensitive information like social security numbers, addresses, and bank routing numbers from companies that have neglected their security measures. Most of the time these security breaches are easily preventable. Companies sometimes wait weeks, months, or even years to inform the customers whose information was stolen because there is no federal law that requires disclosure. As of 2018, all 50 states have adopted security breach notification laws that require companies to inform consumers that their information may have been stolen after an attack, but there is no federal law enforcing such a requirement.
Identities Lost: Enacting Federal Law Mandating Disclosure & Notice After a Data Security Breach,
72 Ark. L. Rev.
Available at: https://scholarworks.uark.edu/alr/vol72/iss1/7