Rep. Bono Mack Looks to Crack Down on Companies Like Sony, Citibank

Bill goes after those that fail to report security breaches in timely manner

Hoping to protect consumers from hacking and potential identity theft, as in the recent high profile examples with Sony's Playstation and Citibank, Rep. Mary Bono Mack, R-Calif., late Monday unveiled draft legislation to tighten security standards and compel companies to notify consumers within 48 hours of breaches.

Sony, which was forced to shut down its Playstation network in April, was criticized by Bono Mack in a hearing earlier this month for notifying customers through a blog post.

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