Written By ESR News Blog Editor Thomas Ahearn “Synthetic identity theft” – where fraudsters create new identities by combining real and fabricated personal data – is the fastest growing type of financial crime in the United States that is difficult to detect and often unreported, according to a white paper from the U.S. Federal Reserve. …Continue reading "Synthetic Identity Theft is Fastest Growing Financial Crime in United States"
Written By ESR News Blog Editor Thomas Ahearn On January 1, 2019, the Vermont Data Broker Regulation (Act 171) took effect and requires, among other things, that data brokers register with the Vermont Secretary State and protect the personally identifiable information (PII) of Vermont residents.Continue reading "Vermont Attorney General Issues Guidance on Data Broker Regulation"
Written By ESR News Blog Editor Thomas Ahearn On June 25, 2018, New York Governor Andrew M. Cuomo announced that the state’s Department of Financial Services (DFS) issued a final regulation to protect New Yorkers from the threat of data breaches at credit reporting agencies such as the massive Equifax data breach that exposed the personal …Continue reading "New York Issues Regulation to Protect New Yorkers from Data Breaches at Credit Reporting Agencies"
Written By ESR News Blog Editor Thomas Ahearn In March 2017, ESR News reported that national credit reporting agencies (NCRAs) Equifax, Experian, and TransUnion had announced the implementation of enhanced standards for the collection and timely updating of public record data included in consumer credit reports as part of the National Consumer Assistance Plan (NCAP) …Continue reading "National Credit Reporting Agencies to Remove All Tax Liens from Consumer Credit Reports in April 2018"
Written By ESR News Blog Editor Thomas Ahearn On February 22, 2018, the Consumer Financial Protection Bureau (CFPB) – a U.S. government agency responsible for consumer protection in the financial sector – released the latest Quarterly Consumer Credit Trends report that focused on the removal of civil public records from consumer credit reports.Continue reading "CFPB Report Focuses on Removal of Civil Public Records from Credit Reports"
Written By ESR News Blog Editor Thomas Ahearn Three major national credit reporting agencies in the United States – Equifax, Experian, and TransUnion – will implement enhanced public record data standards for consumer credit reports beginning on July 1, 2017, according to a statement from the Consumer Data Industry Association (CDIA).Continue reading "Three Major Credit Reporting Agencies to Implement Enhanced Public Record Data Standards on July 1"
Written By ESR News Blog Editor Thomas Ahearn The U.S. Citizenship and Immigration Services (UCSIS) is helping employers using E-Verify for more than 10 years by issuing “Instructions to Download Historic Records Reports in E-Verify” to retain case information by downloading the new Historic Records Reports containing E-Verify cases dated on or before December 31, 2006, …Continue reading "USCIS Issues Instructions for Employers to Download Historic Records Reports in E-Verify by March 31"
Written By ESR News Blog Editor Thomas Ahearn With data breaches front page news in 2016, industries dealing with sensitive and confidential information – especially in the financial sector – know ensuring data security from third party service providers is mission critical. The fact that businesses including banks and financial institutions will seek stronger …Continue reading "Financial Institutions Will Seek Stronger Security Measures from Screening Providers including SOC 2 Reports and NAPBS Accreditation"
Written By ESR News Blog Editor Thomas Ahearn The U.S. Department of Justice (DOJ) has unsealed an indictment charging 61 individuals and entities for their alleged involvement in an Indian call center scam that victimized tens of thousands of people in the United States resulting in the loss of hundreds of millions of dollars, according …Continue reading "DOJ Charges Dozens in Alleged Indian Call Center Scam Targeting U.S. Victims"
Written By ESR News Blog Editor Thomas Ahearn A New York-based company awarded a contract by the state to digitize files holding fingerprint records and personal information collected from 22 million people has agreed to pay $3.1 million in penalties and fees for unlawfully outsourcing and “offshoring” the work overseas to India and risking …Continue reading "Company to Pay $3.1 Million for Illegally Offshoring Personal Data and Risking Privacy of Millions of Americans"