Tag Archives: Identity Theft

FTC Solicits Public Comment on Identity Theft Detection Rules

On December 4, 2018, the Federal Trade Commission (“FTC”) announced that it is accepting public comments regarding its Identity Theft Detection Rules, 16 C.F.R. Part 681 (the “Rules”), as part of a systematic review of the Commission’s regulations and guidelines. The review of the Rules is particularly noteworthy because identity theft is among the top … Continue Reading

FTC Obtains Record $100 Million Settlement with LifeLock

By Megan Rodgers The FTC announced that the identity theft protection firm LifeLock will pay $100 million to resolve allegations that the company made false statements about its services and failed to safeguard consumer data.  This settlement represents the largest of its kind in an FTC order enforcement action. The FTC first sued LifeLock in … Continue Reading

Study Shows Increase in Medical Identity Theft

This week, the Medical Identity Fraud Alliance (“MIFA”) released its 2014 Fifth Annual Study on Medical Identity Theft, finding that in the last year, medical identity theft incidents increased by 21.7% from 2013.  The study is annually conducted to determine the pervasiveness of medical identity theft in the United States, how it affects the lives … Continue Reading

President Obama Signs Executive Order Aimed at Protecting the Security of Consumer Financial Transactions

By Ashden Fein and Randall Friedland On Friday, President Obama signed an Executive Order directed at securing consumer transactions and sensitive data, improving consumer identify theft remediation, and better securing personal information on federally run websites.  Among the security measures, the President ordered all federal government-issued credit cards be equipped, as soon as possible, with … Continue Reading

FTC Issues Revised Business Guide on Identity Theft Red Flags Rule

By: Kelly Carson Last month, the Federal Trade Commission (FTC) issued an updated “How-To” guide to help businesses and organizations determine whether they are subject to the agency’s Red Flags rule (Rule).  Under the Rule, certain entities are required to establish written programs that are aimed at detecting and preventing identity theft. The FTC’s revised … Continue Reading

SEC and CFTC Issue Final Identity Theft Rule

Last week, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) published in the Federal Register a joint rule requiring entities regulated by the agencies to adopt programs to detect and prevent identity theft.  The rule is referred to as the “red flags rule” and applies to certain broker-dealers, mutual funds, investment advisers, futures … Continue Reading

FTC Annual Report Reveals Identity Theft — Not Privacy — Is Top Consumer Complaint

Yesterday the FTC released its annual report of consumer complaints, highlighting identity theft as the leading category of complaints, with 18% of the total.  The 2012 report analyzes complaints received by the FTC, certain other federal agencies, state law enforcement agencies, and non-governmental organizations such as the Better Business Bureau.  After identity theft, consumers filed the … Continue Reading

FTC Official Outlines Commission’s Efforts to Combat Identity Theft

Yesterday, Maneesha Mithal, Associate Director of the FTC’s Division of Privacy and Identity Protection, testified before a subcommittee of the House Ways and Means Committee on the use of social security numbers (SSNs) in identity theft. In addition to providing background information on the use of SSNs in identity theft and the FTC’s recommendations for … Continue Reading

Administration Announces Office to Build “Identity Ecosystem”

The White House is establishing a new office to work with industry to develop an online “identity ecosystem” in which consumers and businesses can transact securely and privately without the need for passwords.  U.S. Commerce Secretary Gary Locke and White House Cybersecurity Coordinator Howard Schmidt recently announced plans to create the new “National Program Office,” … Continue Reading

Michigan Amends Identity Theft Protection Act

Michigan Governor Jennifer Granholm has signed a legislative measure [PDF] that amends the state’s 2004 Identity Theft Protection Act (the “ITPA”).  The measure, which was enacted to combat phishing scams and other online fraud, amends the ITPA in several significant respects: The new legislation makes it unlawful to gather personally identifying information through e-mail, a website, … Continue Reading
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