Cedar Rapids Weather
Critics say Identity Theft Law Not Very Effective
DES MOINES (AP) - Opinions seem to differ on whether a new Iowa law designed to stop identity theft does much to help. Some critics say it simply costs businesses more.
The law requires companies to provide notice of security breaches "in the most expeditious manner possible." At least 43 other states have such laws. Researchers at Carnegie Mellon University in Pennsylvania say they have no real effect. They say that such laws can help reduce the amount of losses but they create unnecessary costs for companies and hurt e-commerce. Lawmakers agree that the legislation won't end identity theft, but they hope it helps Iowans better monitor their credit and quickly stop illegal use of their personal information. Sen. Steve Kettering, a Lake View Republican, worked on a committee that pushed the measure through the House and the Senate. He says Iowa lawmakers will likely take more steps to curb identity theft in future sessions. More Good Stuff |
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