Massachusetts and Oregon were the two most recent additions to the list of 40 states that enjoy stronger protections against identity theft thanks to laws based on model legislation crafted by PIRG consumer advocates and our allies at Consumers Union. New Jersey has passed the model legislation already.
However, with so many states passing strong consumer-friendly laws, lobbyists for the financial industry are looking to Congress to help them evade the new restrictions on data-dealing. With Ed Mierzwinski, our top consumer advocate, leading the way, we’ve stopped the rollback so far, but data dealers show no sign of letting up.
Meanwhile, security breaches at Citigroup, Monster.com and smaller retailers upped the total number of stolen or otherwise inadvertently disclosed records since 2005 to more than 165 billion—and unfortunately, the number is growing every month.