In today's global, digital marketplace consumer data information is currency.

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Swindle: 'Somebody Has Got to Pay'
http://www.internetnews.com/bus-news/article.php/3505826

By Roy Mark
May 17, 2005

WASHINGTON -- Corporate America is acting irresponsibly in protecting
consumer data, Orson Swindle of the Federal Trade Commission (FTC)
said today. The payback for that irresponsibility, he predicted, will
be painful.

In impromptu comments made during a think-tank panel discussion on
international cyber crime, Swindle, a Republican FTC commissioner,
took broad swipes at both private enterprise and Congress for their
efforts on consumer data protection.

"Everybody's screaming, all the political figures up on [Capitol]
Hill, about identity theft," he said. "It's not identity theft, it's
the theft of information."

And, he added, in today's global, digital marketplace, that
information is currency.

"While politicians raise hell about identity theft, what we're really
talking about is the failure to protect valuable currency," Swindle
said. "Corporate boards better start paying attention, because they
haven't been."
<snip>

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