The US Attorney General Alberto R. Gonzales and Federal Trade Commission Chairman Deborah Platt Majoras have announced the completion of the President’s Identity Theft Task Force strategic plan to combat identity theft. The strategic plan is the result of an unprecedented federal effort to formulate a comprehensive and fully co-ordinated plan to attack this widespread and destructive crime. The plan focuses on ways to improve the effectiveness of criminal prosecutions of identity theft; enhance data protection for sensitive consumer information maintained by the public sector, private sector, and consumers; provide more comprehensive and effective guidance for consumers and the business community; and improve recovery and assistance for consumers. Highlights of the recommendations include reducing the unnecessary use of social security numbers by federal agencies, the most valuable commodity for an identity thief, as well as establishing national standards that require private sector entities to safeguard the personal data they compile and maintain and to provide notice to consumers when a breach occurs that poses a significant risk of identity theft.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.