It seems appropriate that the Obama Administration chose Safer Internet Day to announce its new Cybersecurity National Action Plan (CNAP). At a time when massive data breaches continue to be the norm, rather than the exception, it is heartening to see the President take comprehensive action to address ongoing threats to consumers’ data. So, what are some of the highlights of the CNAP? Will it help consumers getting pummeled by data breaches?
Another day, another data breach. The data breach roulette wheel this times landed on health insurer CareFirst. Who loses? The 1.1 million consumers whose names, birth dates, email addresses and CareFirst subscriber ID numbers are now in the hands of cyber crooks.
Federal Trade Commission Chairwoman Edith Ramirez this morning announced the next step in the FTC’s efforts to craft data security guidelines for businesses. As part of its “Start with Security” program, originally unveiled in March, the Commission will hold an initiative at the University of California on September 9. This follows on the heels of the February 13 Summit on Cybersecurity and Consumer Protection at Stanford University.
With the holidays upon us, many consumers will soon be unwrapping new laptops, tablets, and desktop computers. Out of the box, these new devices run great, but over time they can become clogged with all manner of scammy software. At best, these programs can degrade performance. At worst, they can lock down your new device and steal personal information.
Last December, millions of consumers busily rang up more than $600 billion in holiday purchases. Unfortunately, hackers were also having a field day — at consumers’ expense. We learned that lax security procedures combined with an insecure payment mechanism resulted in as many as 110 million shoppers at retail giant Target having their personal information compromised.
By John Breyault, Vice President of Public Policy, Telecommunications and Fraud
Consumers can be excused for not following the minutiae of U.S. district court decisions, but developments this week in New Jersey marked an important victory for data security. On Monday, Judge Esther Salas allowed a lawsuit brought by the Federal Trade Commission against Wyndham Worldwide Corp. (the parent entity of Days Inn, Howard Johnson’s and Ramada, among other hotel chains) to move forward.
In the world of fraud fighting, the release of the Federal Trade Commission’s Consumer Sentinel Data Book is something of a wonky holiday. Yesterday was no exception, with the agency publishing the annual report, which examines trends in the 2 million-plus complaints the FTC receives annually. The headline of the report was depressingly familiar: identity theft continued to be the biggest driver of complaints to the FTC for the 14th straight year.
If you’ve turned on the television or radio recently, chances are that you’ve heard at least one advertisement that made you sit up and say “what the…?” From bogus weight-loss products, to suspicious tax “advice” firms, to “free” cruises to the Bahamas, it often seems difficult to avoid ads that are misleading, if not outright fraudulent. At the federal level, the Federal Trade Commission (FTC) is charged with protecting consumers from unfair and deceptive advertising.
By John Breyault, Vice President of Public Policy, Telecommunications and Fraud Imagine that you’re the CEO of Target today. As one of the 25 most admired companies in the world, consumers’ trust in your brand is paramount to your success. Over the past week you’ve learned that your company is the victim of one of the largest retail data breaches in U.S. history. Cyber thieves compromised 40 million consumers’ credit and debit cards. To add insult to injury, the breach happened during the height of the holiday shopping season – the most important month in your company’s calendar.
NCL’s “State of ID Theft” Conference To Put National Spotlight on Continuing Problem
For thirteen years, the crime of identity theft has generated more complaints to the Federal Trade Commission than another other fraud. In 2012, more than 12 million Americans were affected by identity theft, costing the U.S. economy $20.9 billion. Every three seconds, a consumer’s identity is comprised by this pernicious crime.