The new law amends the state’s existing data breach protections by removing the fees imposed by credit reporting agencies for security disclosures.
So, if your personal information’s compromised, credit reporting agencies can no longer charge you to find that information out.
“It’s really about putting consumers in control of their own credit, and I think people want that ability, they want to make real decisions about how their credit is used and accessed, and it protects people and I think people really need that,” the bill’s sponsor representative Jennifer Benson told 22News.
The bill also addresses the way companies deal with security breaches that involve their customers’ personal information.
Under the new law, companies are required to offer free credit monitoring to anyone whose social security number was disclosed or is believed to have been disclosed in a security breach.
That service would come at no cost to the consumer and is to be in place for at least 18 months.
After two failed attempts to make it through the legislature, the bill was finally signed into law and will go into effect on April 11.