Wednesday, April 2, 2008                                                     

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Rep. Tyler Olson, 515-281-3221

HOUSE APPROVES SAFEGUARDS AGAINST

IDENTITY THEFT

Des Moines, Iowa – The Iowa House today approved a security freeze measure and requirement for businesses and government entities to notify Iowa consumers of a security breach of their personal information.   

“With credit cards and electronic information that is easily transmitted or stolen, identity theft is a growing problem in Iowa that must be addressed.  Iowans deserve to know when their personal information has been compromised and protection if a problem occurs,” said Olson.

On average, victims of identity theft spend 175 hours and $808 to correct the situation.  Victims of identity theft would be able to freeze future release of their credit information by the three national credit information organizations under language in Senate File 2277.  There would be no charge for the credit freeze if the consumer has had their personal information stolen.

In 2007, 127 million credit card holders in the United States were affected by security breaches.  Senate File 2308 requires public or private entities that experience a security breach to notify Iowans.  The bill also establishes penalties for public officials or employees who intentionally sell personal information of Iowans for personal gain. 

Senate File 2277 now goes to the Governor.  Senate File 2308 was amended and now returns to the Senate.

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