Commentary: Companies should do more after breaches

FTC to Equifax claimants: Choose credit monitoring, not cash | Cloud security questioned after Capital One attack | Genetic-test scam spreads, creates ID theft risk Created for {EMAIL} | [Web Version]( August 1, 2019 [Data Security & Privacy SmartBrief]( [Data Security & Privacy SmartBrief]( [SIGN UP]( ⋅ [FORWARD]( ⋅ [ARCHIVE]( [] Top Story [] [FTC to Equifax claimants: Choose credit monitoring, not cash]( Consumers affected by the Equifax breach that came to light two years ago would be wise to accept the offer of credit monitoring rather than the $125 cash option, the Federal Trade Commission said Wednesday. The FTC said the pool of funds available might not be enough to cover all cash settlement claims and noted that the credit monitoring option includes restoration services and identity theft insurance. [CNBC]( (7/31) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Data Security & Privacy [] [Cloud security questioned after Capital One attack]( Financial institutions are trying to detect how a hacker penetrated Capital One Financial's cybersecurity system; the credit-card issuer on Monday disclosed a major breach of a third-party cloud platform that compromised the records of 106 million customers and applicants. Experts have fingered a leaky firewall and a lack of proper controls around the data, but whether Capital One installed sufficient protections remains unknown. [The Wall Street Journal (tiered subscription model)]( (7/30) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Genetic-test scam spreads, creates ID theft risk]( Vulnerable seniors are being targeted by a scam to collect their genetic data and Medicare and Social Security numbers, and Department of Health and Human Services spokeswoman Sheila Davis says the agency's fraud hotline is fielding a rising number of complaints. The perpetrators bill Medicare for the tests, and though the victims are not charged, they are not given their results, and they could be at risk of identity theft. [Kaiser Health News]( (7/31) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Beijing can get access to photo app data]( CNBC (7/25) [] Cyber Risk [] [Commentary: Companies should do more after breaches]( Companies should take more steps to help consumers whose personal information has been breached, financial columnist Michelle Singletary writes. She calls for more robust credit monitoring and the establishment of customer service lines dedicated to helping people freeze their credit files. [The Washington Post (tiered subscription model)/The Washington Post]( (7/26) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] By the Numbers [] [Tips for fighting credit card fraud]( Credit card fraud involving the opening of unauthorized accounts rose 24% last year, the Federal Trade Commission reported, with more than 157,000 reports of fraud. Consumers are advised to limit the number of sites they allow to store their card numbers and to consider using temporary card numbers. [The Motley Fool]( (7/28) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Practice & Policy [] [Privacy group sues to block FTC-Facebook settlement]( Privacy group sues to block FTC-Facebook settlement (Loic Venance/AFP/Getty Images) The Electronic Privacy Information Center filed a motion to block automatic approval of the Federal Trade Commission's $5 billion settlement with Facebook, arguing that the deal improperly gives Facebook immunity from outstanding consumer complaints over alleged privacy violations, including improper use and sharing of personal health data. Facebook is accused of misleading users about the privacy of closed health groups and deceptively enticing users to share personal health information. [Health IT Security]( (7/29), [The New York Times (tiered subscription model)]( (7/26) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Feds signal a crackdown on data privacy violations]( Legaltech News (7/24) [] [] When everything is connected to everything else, for better or for worse, everything matters. Bruce Mao, designer [LinkedIn]( [Twitter]( [Facebook]( [Email]( Learn more about AllClear ID: [About AllClear ID]( [Sign Up]( [SmartBrief offers 200+ newsletters]( Subscriber Tools: [Manage Subscriptions]( [Update Your Profile]( [Unsubscribe]( [Send Feedback](mailto:allclear@smartbrief.com) [Archive]( [Search]( Contact Us: Editor - [Sarah Nessel](mailto:allclear@smartbrief.com) Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 © 1999-2019 SmartBrief, Inc.® [Privacy Policy (updated May 25, 2018)]( | [Legal Information]( Â