Don't get me wrong the newly introduced Data Breach Notification Bill is great for consumers and card issuers. Customers can sue for damages from $100-$300, while the numbers look rather small when you take into account the number of people that are effected in an average breach. Lets just say they lose 10,000 records (which is rather small) that could lead to $1,000,000 in customer suits, plus the card issuers can now sue for recovery of of administrative costs.
The bigger issue is companies have compliance laws, State law and Federal laws they need to decipher to make sure the don't get any unwanted fines. They need to make this easier for the companies not harder.
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