In the wake of the Heartland Payment Systems data breach announced last week, Washington state’s credit unions once again have introduced legislation to encourage financial institutions to take “extraordinary proactive steps” to protect consumers from identity theft and financial fraud after a breach.
Receiving its first hearing before the Full House Financial Institutions and Insurance Committee hearing Thursday, HB 1149 is sponsored by State Reps. Brendan Williams (D-22), Dan Raoch (R-31), Geoff Simpson (D-47), Steve Kirby (D-29), Hans Dunshee (D-44), Sharon Nelson (D-34) and Timm Ormsby (D-33).
Like a similar proposal last year, the bill would allow credit unions and other financial institutions to sue negligent data breachers for the cost of aggressively protecting Washingtonians’ personal and private information.
Read more on CUNA
More info on HB 1149