FTC Seeks Congressional Support for More Protection... - Other News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » FTC Seeks Congressional Support for More Protection Against ID Theft

FTC Seeks Congressional Support for More Protection Against ID Theft

FTC Seeks Congressional Support for More Protection Against ID Theft
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

Millions of consumers each year fall victim to unscrupulous entities or individuals who steal personal data. With identity theft continuing as a growing problem around the world, it’s not all that surprising that government agencies, organizations and outraged citizens are taking a stand against these thieves and instituting ways to protect personal information. The Federal Trade Commission (FTC) is but one of the government agencies that has taken a stand against identity theft. Now, it seems as if they are asking Congress for an even bigger step.

Further Protection

One of the key pieces of information that identify thieves seek is a person’s social security number. The social security number is the doorway to opening new credit accounts, landing a job and even filing for a tax refund. Maneesha Mithal, Director of the Federal Trade Commission’s Division of Privacy and Identity Protection, testified before a Congressional committee asking Congress to take more action to protect consumers against identity theft, specifically as it pertains to social security numbers.

The Argument

Since the social security number is how the government identifies consumers, the director requested that the government take further measures to protect these numbers from getting into the wrong hands. Some of the steps that the director is requesting of Congress are:

  • Creating a national system that can verify a consumer by means other than just the social security number
  • A system for reducing the public display and usage of social security numbers
  • A set of Congressional national data-security standards
  • Notification of consumers when their private information is breached

According to the director of the FTC, these measures would not only help to protect consumers from the theft and fraudulent use of their social security numbers, but would also save American taxpayers a lot of money. The FTC receives up to 20,000 calls a week reporting identity theft issues, which is costing consumers billions of dollars annually.

But speaking on Capitol Hill isn’t the only action that the FTC is taking. The agency is also actively helping consumers through their website, OnGuardOnline.gov, to take more responsibility in protecting themselves from identity theft during tax time. They are warning that if a consumer receives a notice that more than one tax return was filed in their name, it could be a sign of identity theft. The site walks them through the steps of righting the wrong.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Early Tickets for Jay-Z and Beyoncé Tour For Citi Cardholders

Posted: March 19, 2018

If you are a fan of Jay-Z and Beyoncé and you are a Citi cardholder, you might want to head over to the Citi Private Pass website to score early tickets for their OTR II stadium tour, starting in the U.K. and ending in North America. Citi ... Continue reading
Consumer Debt Is Up

Posted: March 16, 2018

Consumer debt has hit the $1 trillion mark – and this is a first, according to a new study by WalletHub.com. This news comes after consumer debt reached $92.2 billion last year, which has not happened since before the Great Recession hit ... Continue reading
Credit Card Data Breach at RMH Owned Applebee’s Franchises

Posted: March 15, 2018

People who have dined out at Applebee's restaurants owned by RMH Franchise Holdings may want to keep an eye on their credit and debit card statements due to a data breach at some locations in over a dozen states. This incident does not ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit