IL SB3204 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Consumer Credit Reporting Agency Registration and Cybersecurity Program Act. Provides for requirements for consumer credit reporting agency registration. Contains provisions regarding grounds for revocation and suspension of a registration. Provides that by January 1, 2019, a consumer credit reporting agency must have a cybersecurity program documented in writing and designed to protect the confidentiality, integrity and availability of its information systems. Provides that a consumer credit reporting agency shall implement and maintain a written cybersecurity policy setting forth its policies and procedures for the protection of its information systems and nonpublic information stored on those information systems. Provides that a consumer credit reporting agency shall designated a qualified individual as a chief information security officer to oversee and implement its cybersecurity policy. Contains provisions concerning penetration testing and vulnerability assessments, audit trail, access privileges, and application security. Provides that a consumer credit reporting agency shall conduct periodic risk assessments of its information systems. Provides requirements for cybersecurity personnel and third-party service provider security policy. Provides that a consumer credit reporting agency shall establish a written incident response plan designed to promptly respond to a cybersecurity event. Provides that the consumer credit reporting agency shall notify the Department of Financial and Professional Regulation of the existence of a cybersecurity event no later than 72 hours after the event occurred. Makes other changes. Effective immediately.

Tracking Information

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Title

CREDIT REPORT AGENCY-SECURITY

Sponsors


History

DateChamberAction
2019-01-09SenateSession Sine Die
2018-04-27SenateRule 3-9(a) / Re-referred to Assignments
2018-04-19SenateAdded as Co-Sponsor Sen. Chris Nybo
2018-04-13SenateRule 2-10 Committee Deadline Established As April 27, 2018
2018-04-11SenatePostponed - Financial Institutions
2018-03-01SenateAssigned to Financial Institutions
2018-02-16SenateReferred to Assignments
2018-02-16SenateFirst Reading
2018-02-16SenateFiled with Secretary by Sen. Michael E. Hastings

Illinois State Sources


Bill Comments

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