Author: admini

One bill, sponsored by Massachusetts Democrat Edward Markey, would require the FTC to make new rules limiting the sale and purchase of those identifiers, with exceptions for law enforcement, public health, certain emergency situations and selected research projects.

Another measure, sponsored by Florida Republican Clay Shaw, would restrict the display of SSNs on credit reports and on various government-issued documents and identification tags.

Several federal laws, including the Fair Credit Reporting Act and the Health Insurance Portability and Accountability Act, better known as HIPAA, also include restrictions on use and disclosure of the identifiers.

http://news.com.com/Congress+may+slap+restrictions+on+SSN+use/2100-7348_3-6071441.html?tag=nefd.top

“Victims are protected by federal law from having to pay the fraudulent charges, so the loss is primarily of time,” says Beth Givens, founder of the nonprofit Privacy Rights Clearinghouse.

Attorneys at the FTC are still working out exactly which losses will be covered.

One qualified expense: the cost of credit monitoring for victims who discovered the fraud before ChoicePoint notified them of the breach and offered free credit monitoring.

http://www.csoonline.com/read/040106/penalty.html

The SEC and PCAOB arranged the roundtable to solicit feedback about Section 404 of the legislation, which requires companies to attest to the effectiveness of internal controls put in place to protect financial reporting systems and processes. “In practice it hasn’t always worked out that way,” he acknowledged.

Over the course of five panel discussions, participants shared their experiences with the internal control reporting requirements.

http://www.networkworld.com/news/2006/051106-sox-costs.html