PERSONAL INFO PROTECTION ACT

Creates the Personal Information Protection Act. Requires any person, business, or State agency conducting business in the State, and that owns or licenses computerized data that includes vulnerable personal information, to disclose any breach of the security of the system following discovery or notification of the breach in the security of the data to any person whose unencrypted personal information was, or is reasonably believed to have been acquired by an unauthorized person. Requires any person, business, or State agency that maintains computerized data that includes vulnerable personal information that the person, business, or State agency does not own, to notify the owner or licensee of the information of any breach of the security of the data immediately following discovery, if the vulnerable personal information was, or is reasonably believed to have been acquired by an unauthorized person. Provides that notice may be provided to a customer in one of the following ways: (1) written notice; or (2) substitute notice if the person or business demonstrates that the cost of providing notice would exceed $250,000, or the affected class of persons to be notified exceeds 500,000, or the person or business does not have sufficient contact information.