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Oklahoma Data Breach Bill Advances
Wednesday, February 22, 2017 7:00 AM

Legislation to hold merchants accountable for data breaches has cleared its first legislative hurdle in Oklahoma. Introduced on behalf of Oklahoma credit unions, SB0614 was unanimously approved by the Senate Judiciary Committee on Tuesday.

Among other things, the bill would give Oklahoma’s attorney general authority to impose penalties on merchants that fail to report breaches within three days, including reimbursement to credit unions for all or part of the costs incurred as a result of the breach.

Tuesday’s unanimous committee approval was the first step in many before the legislation becomes law. Merchant associations and several large retailers are mounting a major effort to defeat the bill.

“Committee approval is an encouraging first step, but we have a major battle in front of us," said Nate Webb, president of the Oklahoma Credit Union Association. "The opposition is influential and has deep pockets, and we fully anticipate this to be a full contact battle.”

The measure now moves on to the full senate for consideration.