FTC vs. ChoicePoint

Discussion in 'Credit Talk' started by ontrack, Jan 26, 2006.

  1. ontrack

    ontrack Well-Known Member

    http://www.ftc.gov/opa/2006/01/choicepoint.htm

    "For Release: January 26, 2006

    ChoicePoint Settles Data Security Breach Charges; to Pay $10 Million in Civil Penalties, $5 Million for Consumer Redress

    At Least 800 Cases of Identity Theft Arose From Company�s Data Breach "
     
  2. Hedwig

    Hedwig Well-Known Member

    Two interesting things:

    They knew there were problems with subscribers as far back as 2001, and apparently didn't do anything about it (except collect money and turn their heads).

    They are prohibited from violating the FCRA. Does that mean that if someone gets your ChoicePoint report without permissible purpose, you should not only sue them, but make sure the FTC is notified as a violation of their order?

    And they paid the biggest fine in history. I guess that means more than CAMCO or any of the other CAs.
     
  3. ontrack

    ontrack Well-Known Member

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