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Home » Store » Taxable » FTC Asks Lawmakers to Tighten Security for Private Customer Data

FTC Asks Lawmakers to Tighten Security for Private Customer Data

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Congress should consider extending security protections for sensitive consumer data used in mortgage transactions and subject companies that maintain such data to strict consumer notification requirements in the event of a serious security breach, according to the Federal Deposit Insurance Corp. Testifying before the Senate Committee on Commerce, Science and Transportation on June 16, FTC Commissioner Deborah Platt Majoras said that recent data breaches at companies that collect or maintain personal customer information are…
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