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Official: Many US Companies Lax with Data Security

U.S. companies that have fallen prey to hackers, exposing the private information of millions of customers, have often failed to take basic security precautions to protect client data, Illinois Attorney General Lisa Madigan told a U.S. House panel on Wednesday.   Madigan said previous investigations, conducted before the recent spate of high-profile breaches, had turned up repeated instances where companies allowed their systems to retain unencrypted data, failed to install software...

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