Wednesday, March 29, 2006

Current Laws May Not Compel Consumer Notification of Stolen Identity Data

Greg Sandoval writes on C|Net News:

Lynn Perry was living an online shopping nightmare.

A hacker had snatched her home address and phone and credit card numbers--even the three-digit security code printed on the back of her credit card--and was offering them to anyone willing to pay the asking price: $5.

Perry, a copyright attorney from Mill Valley, Calif., was among 10 people whose personal data was posted last month on a Web site that specializes in the trafficking of stolen information. Even worse, no one bothered to tell her that her credit card information had been compromised.

It's likely that no one was required to do so. Much to the chagrin of consumer advocates, the disclosure laws passed by 23 states during the past three years have had little impact when it comes to ensuring consumers are notified about data theft or loss.

More here.


At Sun Aug 26, 08:04:00 PM PDT, Anonymous Creditworthy said...

Credit card data thefts drive away many existing and potential consumers. It is urging to improve the personal data protection and ,thankfully, some results have been achieved.


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