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President's Identity Theft Taskforce issues Recommendations

The president's identity theft taskforce has issued its interim recommendations. The summary is a brief 22 pages of boilerplate but some highlights are:

  1. Improve data security at all government agencies
  2. Reduce use of SSNs by private sector
  3. Respond faster to data breaches
  4. Develop better authentication methods for individuals


Mailing puts state workers at risk for identity theft

About 146,000 Kentucky state employees and retirees are at risk of identity theft because of a recent state mailing that shows their names, addresses and Social Security numbers.

The Personnel Cabinet sent the letters to notify workers and retirees about upcoming state health insurance enrollment. The outside of the letter shows the employee's name and address with the Social Security number visible through the window on the envelope, Attorney General Greg Stumbo said. "The Social Security number is the key that unlocks many doors for identity thieves,'' Stumbo said. Personnel Secretary Brian Crall said the letter went out to about 146,000 state employees and retirees.


SEC Reviewing Data-Protection Rules For Financial Analysists

The staff at the Securities and Exchange Commission is reviewing its rules on data security at brokerage and advisory firms, with "an eye toward making them more robust," an SEC spokesman said Monday afternoon. Spokesman John Nester could not provide a time frame for when new and stronger rules might be proposed. The SEC's Regulation S-P currently requires broker-dealers and investment advisers to adopt written policies and procedures reasonably designed to protect customer information and records. They also must make reasonable efforts to protect such information when it's being disposed of.


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