Congress has a real opportunity here to take the lead, but they've been making mistakes. This turns the clock back on existing consumer laws and offers no new protections.
More Quotes from Susanna Montezemolo:
What we like is that there is a process and something gets put in writing.Susanna Montezemolo
We tell people all the time that they shouldn't carry their Social Security number in their wallet, ... Their response is, 'Well, it's on my Medicare card.'
Susanna Montezemolo
This bill ensures that consumers know when their personal information has been lost or stolen, so they can then take reasonable steps to prevent becoming victims of identity theft. Such steps include monitoring their credit files more closely, placing an initial fraud alert on their credit file, and placing a security freeze on their credit file if they live in a state that allows it.
Susanna Montezemolo
Luckily from our perspective, this is just a first step. There really is an opportunity for people to get involved in this issue.
Susanna Montezemolo
This settlement serves as a wake-up call for Congress to ensure that all businesses that buy and sell our most personal information are held accountable, and that they protect vulnerable consumers from having their sensitive information stolen.
Susanna Montezemolo
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