Few e-retailers are prepared to notify consumers of a loss of card data

Don Davis writes:

Only 21% of online retailers are prepared to notify consumers in the event of a data breach that exposes cardholder data, according to a new survey sponsored by insurance agency Jacobson, Goldfarb & Scott Inc.

61% of the 300 e-retailers surveyed said they were not prepared to notify consumers and 18% were not sure.

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