Under the act, they needn't worry as much about getting sued for what they say. Under the act, they'll get sued, and they'll fight over whether breaches were anticipatory or whether communications were in good faith. Antitrust laws discourage companies, especially those in the same industry, from communicating with each other. IRDA removes the problem. Computer people can chat about Y2K without running afoul of antitrust statutes.
Companies can use Web sites to give notice of new statements and disclosures.
If you're worried about these problems, designate someone to check all your vendors' Web sites daily or weekly. That shouldn't take long. You probably don't have more than a couple of hundred vendors. IRDA is a complicated and tricky statute. No one knows how it's going to work.