A data security hearing will be held by...
A data security hearing will be held by the Senate Banking Committee’s Finance Subcommittee on Monday, said the office of subcommittee Chairman Mark Warner, D-Va., in a news release Friday (http://1.usa.gov/1hfNUKN). Reported data breaches at Target, Neiman Marcus and Michaels…
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have raised concerns about the security of consumer data, it said. “It is important that the Banking Committee uses its oversight responsibility to examine whether retailers are taking every appropriate action to safeguard their customer’s personal financial information, and explore ways to minimize the harm that can be caused by this type of fraud and identity theft,” said Warner in the release. The hearing’s witnesses include Jessica Rich, FTC Bureau of Consumer Protection director; Mallory Duncan, National Retail Federation general counsel; and James Reuter, FirstBank executive vice president. Data security hearings will also be held by the Senate Judiciary Committee Tuesday (http://1.usa.gov/1eGfBf1) and the House Commerce Committee Wednesday (http://1.usa.gov/1hYsbXM).