One of the big topics of discussion at ERA’s 2017 D2C Convention in Las Vegas was the growing concern around the recently announced Equifax Data Breach. Both the United States House of Representatives and United States Senate agreed with this consensus and have recently held four hearings on the hack featuring Richard Smith, the former Equifax CEO.
The House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection were first with their “Oversight on the Equifax Data Breach: Answers for Consumers”.
Next up, the Senate Committee on Banking, Housing, and Urban Affairs explored the topic further with “An Examination of the Equifax Cybersecurity Breach”.
Soon after, a hearing entitled “Equifax: Continuing to Monitor Data-Broker Cybersecurity” was organized by the Senate Committee on the Judiciary’s Subcommittee on Privacy, Technology and the Law.
The House Financial Services Committee also wanted in on the act entitling their panel “Examining the Equifax Data Breach”.
But Wait There’s More!
In response to the Equifax breach, a number of bills have been introduced in Congress to attempt to find a pathway forward on federal data breach notifications and data security standards. These bills include:
H.R. 3806, The Personal Data Notification and Protection Act
H.R. 3816, To Require Notification During A Breach Containing Personal Information
H.R. 3896, The Secure and Protect Americans' Data Act
H.R. 3975, The Cyber Breach Notification Act of 2017
H.R. 4081, The Consumer Privacy Protection Act of 2017
At ERA, in an effort with our team, we will continue to work to protect the industry from adverse potential policy outcomes on privacy and data security. However, a lot of warning signs are flashing red here in D.C.Don’t wait until it’s too late. Review your internal practices with your team and be sure to connect with competent legal advisors if anything seems odd or out of place.
About the Author
Bill McClellan serves as ERA's Vice President of Government Affairs. Prior to joining the association, Bill worked as a lobbyist at the Georgia Automobile Dealers Association, covering the state legislature and Georgia's congressional delegation. Before working for the GADA, Bill managed political campaigns at both the congressional and state constitutional levels.