FTC Testifies in Support of Federal Legislation Requiring Companies to Implement Reasonable Security Practices

摘要

The Federal Trade Commission (FTC) told Congress recently that to minimize the risk of identity theft or other harm, companies should employ reasonable safeguards to protect consumer information, collect only information for which they have a legitimate business need, and retain data only as long as necessary to fulfill the business purposes for which it was collected. The FTC also reiterated its recommendation that Congress pass legislation that would require companies to implement reasonable security practices and to notify consumers when there is a data security breach.