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Latest Business News

Congress Aims to Thwart Identity Theft

Thursday, April 14, 2005 11:47:00 PM
By TED BRIDIS

Kurt P. Sanford, president and CEO of U.S. Corporate and Federal Market LexisNexis Group, right, speaks to Sen. Patrick Leahy, D-Vt., after the Senate Judiciary Committee hearing on 'Securing Electronic Personal DataWASHINGTON (AP) - Responding to outrage from consumers whose personal information has been stolen from companies, Congress is primed to pass new laws to try to prevent break-ins and to require businesses to confess to customers when private data is taken.

The government's new interest in requiring such embarrassing disclosures reverses years of efforts by the FBI and U.S. prosecutors to shield corporations that have been victims of hackers from bad publicity by keeping such crimes out of headlines.

But now, consumers want to know if their private information has been stolen.


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