Protect yourself from cyberattacks at the retail giant with a plan for an emergency business continuity plan, including emergency plan approval.
The Wal-Mart security plan requires that stores and other businesses report data breaches to a security company within 72 hours of the first sign of a breach.
A store or business that is not able to immediately report a breach to the company can be held liable for up to $25,000 per day.
But the plan has been criticized by some lawmakers, including Republican state Sen. Joe Pitts, who wants the plan scrapped.
The plan is designed to address concerns about the effectiveness of the plan, which has been praised by lawmakers for its swiftness and efficiency, Pitts said.
The plan has a two-pronged approach: First, the company must identify and address the data breach, and second, businesses should follow up with the company immediately to make sure the information they have shared was not compromised.
The companies plan also calls for reporting cyberattack incidents to the state’s Department of Public Safety within 48 hours of any incident.
The new rules also include a timeline for responding to any cyberattack.
They include a 24-hour clock on responding to cyberattacks and a three-day clock for responding if there are multiple breaches.
“If you have a breach and it is within 48 days, the business will need to report it immediately to the security company,” said Scott Dickson, a former employee at Walmart.
“You can’t wait for the 24- and three-days clock.
You have to immediately get in touch with the security team.”