Outsourcing: danger to privacy

Friday, 20 February 2004, 3:40 PM EST

Democratic Sen. Dianne Feinstein warned the chief executives of banks and credit companies this week that she would crack down on them if they didn't take steps to protect their customers' private data, such as medical and financial information, which is increasingly being handled by clerks working abroad.

In a letter to the CEOs of Citigroup, Bank of America, Equifax and TransUnion, Feinstein (D-California) said she might introduce federal legislation to protect the personal data of Americans if the companies don't establish safeguards.

"In my view, American companies which are outsourcing consumer data to foreign countries must assume responsibility for the data," Feinstein wrote.

All of the recipients of Feinstein's letter already have outsourced clerical services, or have stated their intent to do so.

By Kim Zetter at Wired.

[ Read more ]




Spotlight

European Central Bank blackmailed in wake of data breach

Posted on 24 July 2014.  |  The European Central Bank - the central bank for the euro - has suffered a data breach, and has only discovered it after receiving a blackmail letter from the attacker.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Jul 25th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //