From the FTC’s press release: The Federal Trade Commission has a new Business Center at Business.ftc.gov that gives business owners, attorneys, and marketing professionals the tools they need to understand and comply with the consumer protection laws, rules, and guides the FTC enforces. The Business Center provides practical, plain-language guidance about advertising, credit, telemarketing, privacy, and a host…
Category: Legislation
Proposed S.3898 Amendment to the Electronic Fund Transfer Act Would Shift Risk of Loss to Banks
Richard L. Santalesa writes: Just a step below widows and orphans on the sympathy scale, at least when it comes to ripoffs and theft, sit school districts, boards and local municipalities. And in a era of tight budgets, when school districts are robbed of tax monies from halfway around the world via ACH/wire fraud, state…
India amends telecom rules over security fears
India’s Department of Telecommunications has amended the telecom licensing rules for national and international long-distance operators, asking them to address security concerns on their networks. Telecom companies offering national and international long-distance communications services must now have a “well-outlined organizational policy on security and security management of their networks and shall be completely and totally…
Designing an Insecure Internet
Julian Sanchez also responds to the morning’s biggest story: If there were any doubt that the 90s are back in style, witness the Obama administration’s attempt to reignite the Crypto Wars by seeking legislation that would force Internet services to redesign their networks and products to provide a centralized mechanism for decrypting user communications. It cannot be stressed…
Changes urged for Data Security and Breach Notification Act of 2010
Eric Chabrow reports on BankInfoSecurity.com that a number of witnesses testifying yesterday during the Senate hearing on the Data Security and Breach Notification Act of 2010 urged Congress to exempt groups when breach notification is already mandated by other laws. Of course, their arguments make a certain amount of sense — except for the fact…
FDIC Requires Banks to Adopt Policies on Disposal of Information Stored on Office Equipment
Elizabeth Khalil writes: On September 15th, the Federal Deposit Insurance Corporation (FDIC) issued guidance(Financial Institution Letter FIL-56-2010, “FDIC Guidance on Mitigating Risk Posed by Information Stored on Photocopiers, Fax Machines and Printers”) urging banks under its supervision to ensure that they have written policies for the erasure or destruction of sensitive or confidential customer information stored in photocopiers, fax machines,…