Tag: california

Ever wonder if banks are required to tell customers when their systems are hacked? You might be shocked to learn they're not.The sole exception to this standard has been database hacks that effect California residents.Companies doing business in California must provide such notice under the California Security Breach Information Act.The situation is changing quickly on the national level.Regulations have been issued by federal fund agencies that currently force banks to tell customers when their personal data has been subjected to unauthorized third parties...