The purpose of this alert is twofold: (1) to remind our clients that both federal and state law requires financial institutions and most businesses to safeguard their customers’ information; and (2) to advise of new requirements for security breach notification letters.
In 2002, California adopted a first-in-the-nation security breach notification statute (AB 700, Simitian) (the “Security Breach Notification Law”).
The Security Breach Notification Law requires companies that do business in California and retain their customer’s personal information to notify individuals when there has been a data breach involving their personal information.
Please see full publication below for more information.
