Oregon Gov. Kate Brown has signed a bill that requires vendors, service providers, and other third parties that store consumer data to notify consumers if a security breach occurs. The language stipulates that covered entities make such notifications “as soon as is practicable but not later than 10 days” after a suspected or confirmed security breach. The Oregon Consumer Information Protection Act takes effect on Jan. 1, 2020.
Similar Posts
Why women notoriously have more credit card debt than men
It’s no surprise that Americans love their credit cards. So much so, that outstanding credit…
Turn the Post Office Into a Bank? First Check Japan
Legislative efforts to turn the U.S. Postal Service into a bank to provide cheap financial…
Elder Fraud on the Rise
Financial institutions are reporting an increasing number of suspicious activities involving financial abuse targeting older…
Most Consumers Overestimate What It Takes to Get a Mortgage
A recent Fannie Mae survey finds most consumers believe that obtaining a mortgage requires a…
One Simple Way to Reduce Your Risk of Late Payments on Personal Loans
According to a study of more than 400,000 Sallie Mae clients, including borrowers’ credit scores…
Silicon Valley Congressman Unveils an Internet Bill of Rights
Rep. Ro Khanna (D-Calif.) has issued 10 principles that together represent a draft Internet Bill…