Senator Leahy Introduces the Personal Data Privacy and Security Act of 2011
According to Senator Leahy’s website, the Personal Data Privacy and Security Act would: •Increasing criminal penalties for identity theft involving electronic personal data and making it a crime to intentionally or willfully conceal a security breach involving personal data; •Giving individuals access to, and the opportunity to correct, any personal information held by commercial data […]
Market Forces in Identity Theft
There can be real economic damages to an individual who is the victim of identity theft. The FTC has ruled that it is the individual’s responsibility to check their credit card statements for unauthorized statements.If a victim of credit card theft, for example, notifies the credit card company within 60 days of receipt of the […]