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

Staples customers likely the latest victims of credit card breach

Posted on 21 October 2014.  |  Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. office supply locations in the Northeastern United States are currently dealing with a data breach.


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

Wed, Oct 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //