Tuesday, May 17, 2005

Swindle: 'Somebody Has Got to Pay'

Roy Mark writes on internetnews.com:

Corporate America is acting irresponsibly in protecting consumer data, Orson Swindle of the Federal Trade Commission (FTC) said today. The payback for that irresponsibility, he predicted, will be painful.

In impromptu comments made during a think-tank panel discussion on international cyber crime, Swindle, a Republican FTC commissioner, took broad swipes at both private enterprise and Congress for their efforts on consumer data protection.

"Everybody's screaming, all the political figures up on [Capitol] Hill, about identity theft," he said. "It's not identity theft, it's the theft of information."

And, he added, in today's global, digital marketplace, that information is currency.



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