President Obama proposes nationalizing data breach notification law. The Personal Data Notification and Protection Act would supersede nearly four dozen state statutes. Obama contends the proposal is aimed at protecting American companies, consumers and infrastructure from cyberthreats while safeguarding privacy and civil liberties. The bill is one of a series of measures Obama proposed in a speech delivered Jan. 12 at the Federal Trade Commission. In recent breaches, more than 100 million Americans have had their personal data compromised, like credit card information. The proposal also would criminalize illicit overseas trade in identities.”]
Source: https://www.bankinfosecurity.com/obama-seeks-to-nationalize-breach-notification-a-7774/op-1