The Federal Trade Commission Wednesday again pushed back the enforcement deadline of a controversial rule requiring financial institutions and "creditors" to take steps to prevent identity theft-related data breaches.
The U.S. Federal Trade Commission has given financial institutions an additional six months to develop programs to prevent identity theft due to confusion in the industry over the scope of the agency's rules.
Congress is considering a request that would allow the Federal Trade Commission to levy fines against companies with poor controls over sensitive customer data, according to a report released Tuesday.
The request follows an April 23 government report on ID theft that recommended establishing national data protection standards for the private sector and reducing the use of Social Security numbers among government agencies.
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