Financial institutions,data processing firms,and retail businesses do not have to notify potential victims or reveal data breaches in which customers' personal financial information may have been stolen,lost,or compromised.

Question

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Under various state and federal laws, financial institutions, data processing firms, and retail businesses are generally required to notify potential victims and reveal data breaches in which customers' personal financial information may have been stolen, lost, or compromised. Failure to do so can result in penalties and legal action.

Financial Institutions,data Processing Firms,and Retail Businesses Do Not Have to Notify