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Identity Theft Bill Puts Companies On Spot

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Security

The pressure from Capitol Hill on corporate America to clean up its act with regard to safeguarding sensitive customer information continues to increase, as Sen. Jon Corzine said Thursday that he plans to introduce a new bill next week that will require corporate officers to attest that their companies have adequate measures in place to secure customers' personal data.

The Identity Theft Recovery and Victim Assistance Act would also require businesses to tell customers immediately if they believe that customer data has been compromised.

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