Senator Jack Reed (D-RI) asking a question to Deborah Platt Majoras, Chairman of the Federal Trade Commission, about an amendment from Senator Jon Corzine (D-NJ) to make prompt notification about breaches in security.
Deborah Majoras at the Committee on Banking Housing and Urban Affairs says that if you tell people about every breach in security, people will become numb to it. There are many breaches that do not pose any harm to consumers, so it should only be announced when there is a significant risk.
March 10, 2005
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