Julian Hattem reports:
Lawmakers in the Senate are unveiling a new data security bill that aims to protect consumers from having their identities stolen or being harmed by fraud.
Sens. Tom Carper (D-Del.) and Roy Blunt (R-Mo.) said that recent data breaches at major U.S. retailers have highlighted the need for added standards to protect shoppers from hackers.
The Data Security Act would require shops, banks, government agencies and other institutions to protect sensitive information and notify people if there is a risk of fraud or identity theft. If they detect a data breach, the institutions would need to investigate what type of information may have been compromised, determine how far the hack went and whether any information could hurt somebody.