Retailers could be required to immediately report data breaches

This blog has covered the Target network breach in detail since it was made public in late December of last year. That incident happened over a few week span from late November to early December. Shortly after announcing the breach, other retailers like Neiman Marcus came forward announcing that they too have experienced similar security problems at some point last year. 

The delay in going public has caused a stir as some believe it is a disservice to keep this kind of information from consumers. One person who believes this is Attorney General Eric Holder.

According to a recent article from the Fox News, Holder is officially calling for Congress to require merchants to immediately notify customers and law enforcement agencies of any and all security breaches. This would happen through a national data breach alert system. Not only would this keep multiple parties in force, but it can also help prevent certain attacks from happening more than once.

"This [standard] would empower the American people to protect themselves if they are at risk of identity theft," Holder said. "It would enable law enforcement to better investigate these crimes – and hold compromised entities accountable when they fail to keep sensitive information safe."

With more retailers implementing payment processing software solutions and storing consumer data, the possibility of becoming the victim of a breach has never been higher. Every retailer needs to make sure they are keeping information safe at all times. How a required notification alert service will effect this is still unknown.

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