NRF Has Concerns on ID Theft Bill
Congress is considering legislation that would create a nationwide standard for identity theft notification- and the National Retail Federation (NRF) last week expressed concerns with certain provisions of the bill, in an official company statement.
The Identity Theft Protection Act (S. 1178), a bipartisan measure sponsored by Sen. Ted Stevens [Republican of Alaska] and four other Senators, would set a national standard for how companies must report data breaches, while also changing rules about notice triggers and credit reporting.
The NRF supports the idea of a national standard, because it would eliminate the patchwork of different systems put in place by state governments. But the group has qualms about the notice trigger - which NRF fears will lead to over-notification of customers. They also oppose the requirement of notification of credit reporting agencies, and a provision that would let customers freeze their credit files.