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Oversight Hearing on Data Security, Data Breach Notices, Privacy and Identity Theft
There are numerous lessons to be learned from 2005, a year when more than 75 reported data security breaches at some of the nation’s largest financial companies, including Citigroup and Bank of America. Consumer and Privacy Groups’ Letter to House Financial Services Committee Opposing H.R. 3997 Serious Concerns with H.R. 3997, “Financial Data Protection Act” Forty-seven Attorneys General Submit Letter to Congress Regarding Information Security and Identity Theft From the site of the National Association of Attorneys General Competing House bills offer different levels of protection on ID theft Two bills with radically different consequences for consumers have passed out of committee in the House. These bills are the weak H.R. 3997, and the stronger H.R. 4127. CardSystems' security breach shows need for stronger safeguards CardSystems Solutions' announcement that more than 40 million credit cards of all brands potentially have been exposed to fraud is a startling reminder of how vulnerable consumers are to having their sensitive information stolen. Read the testimony of the General Accounting Office: Social Security Numbers: Use is Widespread and Protections Vary June 15, 2004, the General Accouning Office released testimony about the use of Social Security number by government and private entities. Click on the link above to read this report. FAQs about the Banks' Lawsuit Against California's Landmark Financial Privacy Law |