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Data Breach Interim Study Approved by Oklahoma Senate
Monday, August 7, 2017 6:55 AM

The Oklahoma State Senate will explore the issue of data security during an interim study approved by Senate President Pro Tem Mike Schultz.

The study comes at the request of Oklahoma credit unions. “We look forward to taking an in-depth look at this critical issue and seeing if we can develop a policy to help Oklahoma’s financial institutions realize some type of relief from this ever growing problem,” said Nate Webb, president of the Oklahoma Credit Union Association. “Although a comprehensive fix will need to be developed on the federal level, we believe there are some things we can do on the state level to assist credit unions and other financial institutions.”

Among other things, Webb believes local merchants can be incentivized to report data breaches expeditiously. “We don’t think it is unreasonable that merchants be required to notify the state attorney general once they know a breach has occurred and, if they don’t, face some type of repercussion," Webb said.

The interim study is tentatively scheduled for Oct. 3 at the Oklahoma State Capitol.