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WASHINGTON, Sept. 19 /U.S. Newswire/ -- Following is transcript of Attorney General Alberto R. Gonzales and Federal Trade Commission Chairman Deborah Platt Majoras at a press conference announcing Identity Theft Task Force interim recommendations (Part 1 of 2):
ATTORNEY GENERAL GONZALES: Good afternoon; thank you all for coming. I'm pleased to be here with FTC Chairman Deborah Platt Majoras to talk about federal efforts to combat identity theft.
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The American Bar Association has filed suit in federal court seeking to prevent the Federal Trade Commission from applying a new anti-identity theft regulation to practicing attorneys.
The regulation, called the Red Flags Rule, requires businesses that possess sensitive identification information about their clients to safeguard that data against identity theft. These businesses must establish policies on how to recognize and deal with identity theft "red flags.
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WASHINGTON, Sept. 19 /U.S. Newswire/ -- Following is transcript of Attorney General Alberto R. Gonzales and Federal Trade Commission Chairman Deborah Platt Majoras at a press conference announcing Identity Theft Task Force interim recommendations (Part 2 of 2): ATTORNEY GENERAL GONZALES: Any questions? I know one of you had a question earlier. Yes, sir.
QUESTION: Yes, sir. In the light of so much ID theft being a direct result of pretexting, will you be urging Congress to take any action, pass any bills, that would prohibit pretexting for various things like telephone records?
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The Federal Trade Commission (FTC) announced on Oct. 22, 2008
that it has extended the deadline for compliance with the "red
flags rules" from Nov. 1...
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APWG releases new online tools to deter, detect and defend against identity theft
LOS ALTOS, Calif. and CAMBRIDGE, Mass. -- In an effort to reduce t...
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The Federal Trade Commission (FTC) announced on Oct. 22, 2008 that it has extended the deadline for compliance with the "red flags rules" from Nov. 1,...
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Identity theft is the fastest-growing crime in the US. It affects 13.3 persons per minute, 799 per hour, or 19,178 per day. According to the Federal Trade Commission (FTC), identity theft occurs when personal information is used, without an individual's permission, to commit fraud. As technology proliferates and more people use the Internet to conduct business, identity thieves have adapted, with cybertheft now a common occurrence. Because research shows that most identity thieves take advantage of negligence and easily available information, a few simple steps can minimize these risks: 1. Credit reports should be obtained and reviewed regularly. 2. Protect computers with firewalls, spam-killers, and other programs to reduce cyber attacks. 3. Carry the minimum number of credit cards and...
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...Both state government and the federal government have enacted a series of statutes that ...How Identity Theft Occurs. The Federal Trade Commission (FTC), which serves as a clearinghouse ...
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Many business owners and individuals are already in trouble. According to the Federal Trade Commission, identity theft accounts for about $54 billion in direct and indirect costs to US businesses and individuals. CLG Financial has been selling free-standing identity theft loss reimbursement insurance for three years. Recently it began promoting an updated comprehensive businessowners policy (BOP) from The Hartford Financial Services Group that now includes identity theft loss reimbursement and loss recovery services. The coverage provides up to $15,000 in loss reimbursement and a comprehensive package of identity recovery services, including a toll-free hotline and case management after a crime has been committed. The expense reimbursement protection pays victims for the costs they incu...
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Along with these large losses of data, many cases of Identity Theft occur when someone is careless with their personal information," said Chairperson [Mindy Bockstein]. "Too often, people give out their Social Security number, credit-card numbers and other personal information without knowing where, when or how it will be used.
"Identity Theft is one of the fastest growing crimes partly because it's far too easy to get people to give away this information," said Chairperson Bockstein. The Federal Trade Commission received 246,035 identity theft complaints in 2006, including 16,452 from New York State consumers.
Additionally, New Yorkers can "freeze" their credit files and block unauthorized access to their credit information through the New York State "Security Freeze" Law. Informatio...