Credit Report Resellers Exposed Consumers to Identity Theft: FTC

FTC Cracks Down on Credit Report Resellers Credit Report Resellers That Exposed Consumers to Identity Theft
FTC Cracks Down on Credit Report Resellers Credit Report Resellers That Exposed Consumers to Identity Theft

Three credit report resellers whose lax security procedures allowed hackers to steal the credit reports of nearly 2,000 consumers have agreed to settle Federal Trade Commission charges that they failed to take reasonable steps to protect consumers' personal information against identity theft.

In the first FTC crackdown against credit report resellers for their clients' data security failures, the settlements require the companies to strengthen their data security procedures and submit to regular security audits for 20 years.