Demand rises for uniform data security rules

WASHINGTON, DC – The application of the Data security bill 's data security breach requirements must be risk-based and uniform across all sectors, the financial services industry has recommended to the US Congress.

In their testimony to the Congressional Banking Committee in September, both the Securities Industry Association (SIA) and the American Bankers Association (ABA) said the requirements currently being discussed in Congress must be evenly applied to all sectors involved in data distribution.

The rules, originally issued under the Gramm-Leach-Bliley Act in 2001, are already in force in banking organisations. They require banks to implement a risk-based response programme to address unauthorised

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