FTC imposes $10M fine against ChoicePoint for data breach
The U.S. Federal Trade Commission has fined ChoicePoint $10 million for a data breach that allowed identity thieves posing as legitimate businesses to steal social security numbers, credit reports, and other data from nearly 140,000 people. This is the largest fine ever levied by the FTC. ChoicePoint also has to set up a 'trust fund' for people victimized by identity thieves. From the article: 'As part of its agreement with the FTC, ChoicePoint will also have to submit to comprehensive security audits every two years for the next 20 years.'" BusinessWeek has additional info.
Perhaps there might be hope for individual privacy after all. Let's all keep our fingers crossed.
posted by mk1gti
on Jan 26, 2006 -
n Ø 1 s e
- How do data and information differ? What is pattern and how do we recognise it? Where is the threshold between random and order?
posted by Orange Goblin
on Dec 2, 2003 -
Nüp2 Incorporated will revolutionize the electronic memory business. Using our patented memory technology and our patent-pending "Topolithographic" manufacturing process, we will develop and produce solid-state electronic memory having gigabytes of storage in a tiny package for just a few dollars per Gigabyte.
Hoax? Vaporware? Revolution in data storage? You decide.
posted by RylandDotNet
on Sep 17, 2002 -