Following the recent high-profile breaches, two Senate Committees held hearings on the topics of data security and data breaches prevention. Witnesses included representatives from the retail, payment and security sectors.
There were discussions on the transition of the U.S. market to EMV (smartcard-based) payment cards, as well as on the necessity for a better collaboration between the industry stakeholders and the government to prevent such breaches in the future.
Date: February 4, 2014
Sources: U.S. Senate Committee on Banking, U.S. Senate Committee on the Judiciary, Akin Gump Strauss Hauer & Feld
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