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Executive Order 13402 commanded the creation of a Presidential Identity Theft Task Force to examine how the Federal Government could better respond to and protect against data breaches resulting in identity theft. Under Federal regulations, such as the Privacy Act of 1974 and the Federal Information Security Management Act, individuals are guaranteed the security of their data, making adequate protection of data a matter of [...]  Memorandum 06-19 was issued by the Office of Management and Budget in July 2006 to update the reporting requirements for data breaches involving personally identifiable information. It also addressed the need to budget in anticipation of providing adequate data security. Memorandum 04-26 was issued in September 2004 regarding personal use policies for employees accessing government computers and the use of file sharing [...] In September 2006, The Office of Management and Budget issued a memorandum suggested by the President’s Identity Theft Task Force to help government departments and agencies adequately protect data. What is Identity Theft? Identity theft is the unauthorized use of personally identifiable information (PII) by an individual to commit fraud, usually financial related fraud. This is achieved either by using financial account information or using an individual’s Social Security Number (SSN) to open new financial accounts. Identity theft is a serious problem costing American citizens millions of dollars every year. As one of the largest collectors of information, the U.S. Government must implement strong measures to reduce the risk of security breaches leading to identity [...] | ||||
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