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ABA: The American Bankers Association
Issue

Data Security Standards

Ensuring Nationwide Standards for Safeguarding Sensitive Information

ABA Position

ABA believes Congress should pass data security legislation that holds retailers and others to high, uniform, nationwide standards for safeguarding sensitive customer information. Banks have had such an obligation to protect their customer's sensitive financial information for years. ABA also is advocating that those responsible for data breaches should be responsible for their costs.

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SVP, Card Policy Council

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