Betsy Broder says the FTC still receives a fair flow of victim complaints about identity theft. The FTC has broad jurisdiction over many sectors of the economy, but does not have jurisdiction over banks, many federally-chartered credit unions and other financial institutions that are regulated by other federal regulators. Broder: We expect companies to use reasonable data security practices that are appropriate for the type of information that they collect and that they use. The FTC’s approach to data security is pretty straightforward. There is nothing sneaky or difficult about it, but we are taking our own medicine.”]
Source: https://www.cuinfosecurity.com/transcript-betsy-broder-ftc-on-identity-protection-strategies-a-629