News Feed Item
FTC Commissioner Terrell McSweeny Speaks at National Consumers League Event on Data Breach, Identity Theft
|By Business Wire
|July 8, 2014 02:00 PM EDT
Federal Trade Commission Commissioner Terrell McSweeny spoke today at a
National Consumers League briefing on data breach and identity theft,
where she discussed new
research findings about the consumer impact of data breach and fraud.
Commissioner McSweeny was joined in Los Angeles by Joanne McNabb,
Director of Privacy Education & Policy for the California Office of the
Attorney General, for the second event of the National Consumers
League’s #DataInsecurity Project, a cross-country series to raise
awareness and push for action on consumer data security.
After a morning press event with several data security experts, the two
officials joined NCL Vice President John Breyault to discuss a new
study, released by NCL and Javelin Strategy & Research, which revealed
disturbing trends for Los Angeles residents who have been affected by
data breach and identity fraud. Nearly half of identity fraud victims
are unaware where their information was compromised, while 61 percent of
those who were also data breach victims reported that the breached
information was used to commit fraud. The majority of data breaches
affecting fraud victims involved a compromised retailer; fraud victims
also reported that their information was used to make unauthorized
purchases, either online (31 percent) or in person (39 percent). As a
result, Los Angeles identity fraud victims are losing trust in
retailers’ ability to keep their personal information secure and prevent
it from being used to commit fraud.
“This report shows that fraud victims are calling for a decisive and
coordinated response from both governments and the business community,”
said Sally Greenberg, NCL executive director. “We thank Commissioner
McSweeny and Director McNabb for joining us for this important
discussion, and for their continued advocacy on behalf of consumers.”
#DataInsecurity Project Findings on Los Angeles Metropolitan Area
The National Consumers League has released new research examining the
impact of data breaches and identity fraud on consumer victims in four
key regions nationwide, including the Los Angeles metropolitan area.
According to the study, Americans are urgently calling out for
government action on the growing threat posed by data breach and
The study, conducted in partnership with Javelin Strategy & Research,
shows that the impact of data breaches on consumers is indeed severe: 61
percent of data breach victims who also experienced identity theft
reported that the breached information was used to commit the fraud
against them. What’s more, nearly half of fraud victims -- 49 percent --
do not know where the information used to defraud them was compromised.
“Data insecurity is leading to real consumer harm, and this report
confirms consumers are at a loss for where to turn in the face of this
national problem,” said NCL’s Breyault. “As consumers share vast amounts
of personal data with businesses, government and other entities, they
expect their information to be protected from malicious hackers.”
The NCL/Javelin study, which includes surveys of fraud victims from Los
Angeles, Miami, Chicago, and Minneapolis, along with additional Javelin
research on national fraud trends, found that consumers are calling for
government to take action. A mere 28 percent of victims surveyed said
the government’s requirements for protecting healthcare and financial
data were “sufficient.”
In Los Angeles, 35 percent of fraud victims said their data was used to
make online purchases and 44 percent said their information was used to
make purchases in-person. Among fraud victims in Los Angeles, 82 percent
had received a notice of data breach previously which corresponds with
reporting by victims in Miami (80 percent), but it is significantly
higher than in Chicago (72 percent) and Minneapolis (66 percent).
“In this polarized political climate, it’s rare for Americans to express
such agreement on any issue,” said Al Pascual, Javelin’s Senior Analyst
of Fraud & Security. “But when it comes to the security of their
personally identifiable information, the respondents said with one voice
that the government must do more.”
According to the new study, the consequences of consumer fraud have a
serious ripple effect: fraud victims report losing trust in the
businesses where their data was compromised. For example, 59 percent of
respondents whose data was breached at a retailer expressed
“significantly decreased” trust in retailers who failed to protect their
information. “When consumer trust drops, so do sales,” added Breyault,
“This study is only the latest evidence for why the business community
should be one of the most vocal advocates for protecting consumer data.”
About the National Consumers League
The National Consumers League, founded in 1899, is America's pioneer
consumer organization. Our mission is to protect and promote social and
economic justice for consumers and workers in the United States and
abroad. For more information, visit www.nclnet.org.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform.
In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 6, 2016 07:00 AM EDT Reads: 1,066
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical.
In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
May. 6, 2016 07:00 AM EDT Reads: 1,217
Artificial Intelligence has the potential to massively disrupt IoT.
In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things.
AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 6, 2016 06:00 AM EDT Reads: 1,518
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities.
One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 6, 2016 04:00 AM EDT Reads: 1,338
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems.
In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
May. 6, 2016 02:45 AM EDT Reads: 1,301
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 6, 2016 02:00 AM EDT Reads: 1,419
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity.
In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 6, 2016 01:45 AM EDT Reads: 1,435
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
May. 6, 2016 01:30 AM EDT Reads: 1,401
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body?
In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 6, 2016 01:00 AM EDT Reads: 1,264
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting.
In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 6, 2016 12:00 AM EDT Reads: 1,490
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
May. 5, 2016 11:30 PM EDT Reads: 1,364
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments.
In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
May. 5, 2016 05:00 PM EDT Reads: 1,387
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York.
SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
May. 5, 2016 05:00 PM EDT Reads: 1,288
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights.
At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 5, 2016 04:00 PM EDT Reads: 798
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
May. 5, 2016 04:00 PM EDT Reads: 1,210