Minn. Stat. §§ 325E.61: DATA WAREHOUSES; NOTICE REQUIRED FOR CERTAIN DISCLOSURES.
(d) For purposes of this section and section 13.055, subdivision 6, "breach of the security of the system" means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of personal information maintained by the person or business. Good faith acquisition of personal information by an employee or agent of the person or business for the purposes of the person or business is not a breach of the security system, provided that the personal information is not used or subject to further unauthorized disclosure.
(e) For purposes of this section and section 13.055, subdivision 6, "personal information" means an individual's first name or first initial and last name in combination with any one or more of the following data elements, when the data element is not secured by encryption or another method of technology that makes electronic data unreadable or unusable, or was secured and the encryption key, password, or other means necessary for reading or using the data was also acquired:
(1) Social Security number;
(2) driver's license number or Minnesota identification card number; or
(3) account number or credit or debit card number, in combination with any required security code, access code, or password that would permit access to an individual's financial account.
(f) For purposes of this section and section 13.055, subdivision 6, "personal information" does not include publicly available information that is lawfully made available to the general public from federal, state, or local government records.
(g) For purposes of this section and section 13.055, subdivision 6, "notice" may be provided by one of the following methods:
(1) written notice to the most recent available address the person or business has in its records;
(2) electronic notice, if the person's primary method of communication with the individual is by electronic means, or if the notice provided is consistent with the provisions regarding electronic records and signatures in United States Code, title 15, section 7001;
Minn. Stat. §§ 325E.64: ACCESS DEVICES; BREACH OF SECURITY.
325E.64 ACCESS DEVICES; BREACH OF SECURITY.
(a) For purposes of this section, the terms defined in this subdivision have the meanings given them.
(b) "Access device" means a card issued by a financial institution that contains a magnetic stripe, microprocessor chip, or other means for storage of information which includes, but is not limited to, a credit card, debit card, or stored value card.
(c) "Breach of the security of the system" has the meaning given in section 325E.61, subdivision 1, paragraph (d).
Subd. 2.Security or identification information; retention prohibited.
No person or entity conducting business in Minnesota that accepts an access device in connection with a transaction shall retain the card security code data, the PIN verification code number, or the full contents of any track of magnetic stripe data, subsequent to the authorization of the transaction or in the case of a PIN debit transaction, subsequent to 48 hours after authorization of the transaction. A person or entity is in violation of this section if its service provider retains such data subsequent to the authorization of the transaction or in the case of a PIN debit transaction, subsequent to 48 hours after authorization of the transaction.
Whenever there is a breach of the security of the system of a person or entity that has violated this section, or that person's or entity's service provider, that person or entity shall reimburse the financial institution that issued any access devices affected by the breach for the costs of reasonable actions undertaken by the financial institution as a result of the breach in order to protect the information of its cardholders or to continue to provide services to cardholders, including but not limited to, any cost incurred in connection with:
(1) the cancellation or reissuance of any access device affected by the breach;
(2) the closure of any deposit, transaction, share draft, or other accounts affected by the breach and any action to stop payments or block transactions with respect to the accounts;
(3) the opening or reopening of any deposit, transaction, share draft, or other accounts affected by the breach;
(4) any refund or credit made to a cardholder to cover the cost of any unauthorized transaction relating to the breach; and
(5) the notification of cardholders affected by the breach.
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