TELECOM Digest OnLine - Sorted: Federal Laws Needed on ID Theft Notice

Federal Laws Needed on ID Theft Notice

Monty Solomon (monty@roscom.com)
Sat, 25 Jun 2005 02:39:24 -0400

By RACHEL BECK AP Business Writer

NEW YORK (AP) -- The names and bank account details of up to 40
million credit-card holders have been exposed to fraud. Too bad the
only way that information reached the public was largely thanks to
California.

That's right, the rest of the nation has been made aware of serious
identity breaches because California forces companies to notify
consumers when such theft happens. The federal government, in the
meantime, hasn't done anything to require the same.

Even though other states are following its California's lead, Congress
can't afford to drag its feet on this national issue anymore. The
reason is simple: Consumers have the right to know when their private
information has been compromised.

- http://finance.lycos.com/home/news/story.asp?story=50068256

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