consumer privacy data protection Equifax FTC identity theft policy

FTC Report - ID Theft Complaints Rank High

Identity theft ranked second among all complaints submitted to the Federal Trade Commission in 2017. Although the total number of complaints dropped, consumers reported losing $63 million more to identity theft and fraud in 2017 than in 2016. EPIC has warned that "the FTC's failure to act against the growing threats to consumer privacy and security could be catastrophic." 2017 marked a record year for data breaches. EPIC urged the FTC to enforce data security standards as part of its 10 recommendations for the FTC's five-year strategic plan. EPIC President Marc Rotenberg also testified before the Senate and the House following the Equifax breach, calling for comprehensive data protection legislation.

March 1, 2018| Share: