UPDATED: Choicepoint Fraud Highlights Need for Stronger ID Theft Safeguards; 11 States Consider Security Freeze Right for Consumers
U.S. Newswire, February, 2005
SAN FRANCISCO, Feb. 17 /U.S. Newswire/ -- Recent reports that a fraud ring has stolen the personal and financial information of an estimated 100,000 consumers from computer databases maintained by ChoicePoint, Inc., has underscored the need for tougher safeguards against identity theft. Consumer groups are urging lawmakers to enact new identity theft protections like giving consumers the right to lock up their credit files with a security freeze and requiring companies to notify consumers when sensitive customer information has been compromised.
Four states already have security freeze laws on the books and another 11 states are considering adopting the safeguard. California is the only state that requires companies to notify customers about breached security. Other...
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