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Password Protected Data Privacy & Security News and Trends

Category Archives: Identity Theft

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The Cost of Noncompliance: LifeLock Continues to Pay

Posted in Consumer Privacy/FTC, Cybersecurity, FTC enforcement, Identity Theft, Information Management

LifeLock, Inc. made headlines in December 2015 when it finalized a $100 million settlement with the Federal Trade Commission—the largest monetary award ever in an FTC order enforcement action. As reported by McGuireWoods’ Password Protected blog, the 2015 enforcement action … Continue Reading

2016: A Turning Point For Personal Data Protection

Posted in Cybersecurity, Data breach, Data portability, Data retention, E-commerce, EU Data Protection, Identity Theft, Legislation, Notification, Privacy, Privacy by default, Surveillance

In 2015, a number of high-profile media and political events and several legal cases raised questions about personal data protection in the European Union. 2016 looks to be a pivotal year for reforms in personal data protection, including issues related … Continue Reading

The FTC Strikes Back: LifeLock, Inc. Agrees to $100 Million Payout

Posted in Consumer Privacy/FTC, Cybersecurity, FTC enforcement, Identity Theft, Information Management

On December 17, 2015, the Federal Trade Commission (FTC) announced a $100 million settlement with LifeLock, Inc., to resolve litigation with the FTC and a national class of consumers relating to LifeLock’s marketing representations and information security programs.  The settlement … Continue Reading

Obama Signs Order to Improve Security of Consumer Financial Transactions

Posted in Consumer Privacy/FTC, Cybersecurity, E-commerce, Financial Services Information Management, Identity Theft

On October 17, 2014, before an audience at the Consumer Financial Protection Bureau (“CFPB”), President Obama announced the launching of the Buy Secure initiative.  This initiative is designed to provide consumers with more tools to secure their financial information in Continue Reading

FRB Amends its Identity Theft Red Flags Rule under Reg V

Posted in Consumer Privacy/FTC, Financial Services Information Management, Identity Theft, Other

The identity theft red flags rule (the Identity Theft Red Flags Rule) under Federal Reserve Board (FRB) Regulation V requires financial institutions, including banks, finance companies, automobile dealers, mortgage brokers, utility companies, telecommunications companies, and any “creditor” holding any consumer … Continue Reading