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Retailers Demand Federal Cybersecurity Legislation, Financial Services Firms Fire Back

The debate rages on…It is not surprising that retailers have taken their case to Congress and financial institutions are fighting back.  Liability in breach situations weighs heavily on the retailer.  PCI standards are largely designed to shift that burden away from the card brands.  I am personally not convinced legislation is the solution, but I do agree that the current balance of power needs adjustment.  Stay tuned…

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