National Consumers League

Chase breach underscores cost of Congressional inaction on data security

October 3, 2014

Contact: Ben Klein, National Consumers League, benk@nclnet.org, (202) 835-3323

Washington, DC – News of yet another massive data breach -- this time at JPMorgan Chase -- underscores the urgent need for data security reforms in Congress, according to the National Consumers League. Affecting 76 million households and 7 million small businesses, the Chase breach comes on the heels of other mega-breaches this year at Home Depot, Jimmy Johns, eBay, and Community Health Services.

“These data breaches are occurring with frightening regularity, and striking some of the country’s biggest companies. It is clear that our cyber security systems are unable to stay one step ahead of these bad guys,” said Sally Greenberg, NCL executive director. “It is time that our elected officials sit down with businesses and law enforcement to develop a comprehensive plan for protecting Americans’ personal information from cyber thieves.”

This summer NCL launched its #DataInsecurity Project to raise awareness about the impact of data breaches on consumer confidence in the marketplace. NCL is calling on Congress to pass a strong national data breach notification law, require businesses that hold consumers’ data to abide by data security standards, and give the Federal Trade Commission and states greater authority to hold companies that fail to protect consumers’ personal information accountable.

“Seventy-six million households at Chase, 56 million cards at Home Depot, 145 million accounts at eBay -- enough is enough,” said John Breyault, NCL Vice President of Public Policy, Telecommunications and Fraud  “With each new breach, consumers’ trust in the marketplace is eroded. We must not accept the massive theft of consumers’ personal information as the ‘new normal.’ These breaches should serve as a wake-up call to Congress that we need reform now.”

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About the National Consumers League

The National Consumers League, founded in 1899, is America's pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.