A bill that includes several cyber security proposals proposed this year by the Obama administration was approved by a Senate committee today. The Personal Data Privacy and Security Act of 2011, S. 1151, introduced by Sen. Patrick Leahy, D-Vt., would establish a national standard for data breach notification.

The bill could have far-reaching effects among insurers and stakeholders alike. The bill calls for a proactive approach to data management, requiring organizations that collect and store consumers' sensitive personal information to establish and implement specific data privacy and security programs to obviate the occurrence of breaches.

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