In Georgia Business News, consumer data collector ChoicePoint says its second-quarter profit fell 6.6 percent. That’s despite higher sale and in line with Wall Street expectations. For the three months ending June 30, the Alpharetta-based company said it earned $32.57 million, or 43 cents a share. That’s compared to a profit of $34.86 million, or 40 cents a share, for the same period a year earlier. ChoicePoint collects data on people, including Social Security numbers, real estate holdings and current and former addresses. Its database contains about 19 billion records.
Showing posts with label Choicepoint. Show all posts
Showing posts with label Choicepoint. Show all posts
Wednesday, July 25, 2007
Thursday, May 31, 2007
ChoicePoint reaches settlement with states
Alpharetta-based ChoicePoint Inc. says it will tighten security as part of a legal settlement reached with 43 states and the District of Columbia.
The agreement ends one of the biggest lawsuits against the consumer data provider that stemmed from a 2005 security breach that exposed thousands of consumers' personal information.
As part of the settlement, spokesman Chuck Jones says ChoicePoint will do a better job of vetting companies that want access to the data it collects and verifies.
For example, Jones says ChoicePoint will "not just take their word for it that they are a business, not just accept a photocopy of a business license, but actually send an individual to their place of business so that everyone can be assured it is a business that has a valid reason to view a consumer's data."
ChoicePoint will also pay $500,000 for consumer education in the states involved in the lawsuit.
Georgia is not one of those states. Jones says ChoicePoint has briefed the state attorney general's office on the security upgrades the company has made since the break-in.
The agreement ends one of the biggest lawsuits against the consumer data provider that stemmed from a 2005 security breach that exposed thousands of consumers' personal information.
As part of the settlement, spokesman Chuck Jones says ChoicePoint will do a better job of vetting companies that want access to the data it collects and verifies.
For example, Jones says ChoicePoint will "not just take their word for it that they are a business, not just accept a photocopy of a business license, but actually send an individual to their place of business so that everyone can be assured it is a business that has a valid reason to view a consumer's data."
ChoicePoint will also pay $500,000 for consumer education in the states involved in the lawsuit.
Georgia is not one of those states. Jones says ChoicePoint has briefed the state attorney general's office on the security upgrades the company has made since the break-in.
Choicepoint settles security breach cases
ChoicePoint Incorporated has reached a settlement with 43 states and the District of Columbia over a 2005 database breach. The Alpharetta-based company collects personal and financial information on millions of consumers. In February 2005, identity thieves accessed data on 163,000 Americans. Under the settlement, Choicepoint agreed to adopt stronger security measures, conduct periodic audits, and pay a total of a half million dollars to the states for public education campaigns about identity theft.
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