Leveraging Knowledge to Manage Your Data Risks
Credit reporting agencies TransUnion, Experian, and Equifax have extended their programs to provide consumers with the ability to access their credit reports for free on a weekly, rather than yearly, basis.
The Fair Credit Reporting Act legally requires credit reporting agencies to provide consumers with access to their credit report for free once per year…
Federal legislation recently took effect that prohibits consumer reporting agencies from charging a fee to place or remove (lift) a security freeze on a consumer credit report in response to a consumer request. The “Economic Growth, Regulatory Relief, and Consumer Protection Act” (the Act) was passed on May 24, 2018. The Act includes important updates to the Fair Credit Reporting Act (FCRA) that may in turn affect the information that businesses provide to customers or clients in response to a data breach or similar security incident.
Continue Reading Federal Legislation Enables Consumers to Obtain Security Freezes on Credit Reports Free of Charge
Just when I thought I had frozen all of my credit, and was doing everything I can to protect myself from identity theft and fraud, I find out today about another one from KrebsOnSecurity.
I am pretty knowledgeable on the subject matter of credit freezes, and have been an advocate of placing a credit freeze…
A new Harris Poll for the American Institute of CPAs (AICPA), which called 1,006 U.S. adults for the report, shows interesting statistics regarding American adults’ attitudes and fears about identity theft and financial loss as a result of cyber intrusions. The poll’s conclusion is that 48 percent of U.S. adults believe that identity theft will…
I am fortunate to teach the Privacy Law class at Roger Williams University School of Law on Tuesday afternoons. Today, we discussed all of the laws relating to the financial services industry. OK, not the most exciting content, but it included the Fair and Accurate Credit Transaction Act (FACTA).
Enacted in 2008, FACTA allows individuals…
