Proposed legislation that would require U.S. businesses to notify affected customers after data breaches is too weak because it would preempt stronger breach notification laws in several states and it wouldn't cover several classes of data, including geolocation and health information, critics told lawmakers.
The White House heads west to Silicon Valley on Friday looking for ideas on how to improve the nation's cybersecurity, and members of President Barack Obama's administration are likely to get an earful.
U.S. President Barack Obama will push Congress to pass a law requiring companies that are victims of data breaches to notify affected consumers within 30 days and a second law that gives consumers more control over their digital data, he said.
Backers of an Internet sales tax aren't taking no for an answer, with supporters continuing to push the U.S. Congress to pass legislation this year.
Tech leaders at retailers are heading for a software refresh, and many are expecting to replace legacy in-store systems with unified ecommerce systems in a bid to keep up with changing shopping habits.
When Home Depot and Target experienced large-scale security breaches on payment systems in 2014, it hit those top retailers hard: Criminals stole millions of consumers' debit and credit card data; the companies lost hundreds of millions of dollars in fines and lost sales; and their brand reputations suffered.