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.
More Quotes from Susanna Montezemolo:
Consumers should be sure to order their free credit reports through the centralized channels created by the new law or they may end up getting duped into paying for extra services, ... If consumers run into trouble getting their reports at no charge or have other problems, they should call the FTC's toll-free number -- 1-877-FTC-HELP -- for assistance.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
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
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.
Susanna Montezemolo
In this information age, where practically every day we hear about companies that put Americans at risk for identity theft and fraud because of lax security practices, we desperately need these new tools to protect our personal information.
Susanna Montezemolo
Imagine if the 50 million people put at risk this year let Congress know they want better safeguards.
Susanna Montezemolo
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