5 Points. Unanimous Data Security Bill Post- Equifax.
Oregon’s SB 1551 (2018) will require:
- notification to consumers of a data breach within 45 days unless it could hinder law enforcement
- if more than 250 Oregonians are affected, then notice must also go to the state Attorney General
- a violation triggers Deceptive Trade Practices Act
- this means class action lawsuits
- this also means big fines
- no fees for credit freezes or thaws
- prohibits ‘ “upselling” by breached companies or third-party contractors when they offer people free credit monitoring or other damage-mitigating services”
Register Guard | Oregon Senate approves new consumer protections after Equifax data breach