On October 17, 2014, the White House released its plans for a “BuySecure Initiative” in an executive order entitled “Improving the Security of Consumer Financial Transactions.” The initiative aims to push the market toward adopting more secure payment methods and to reduce the burden on consumers seeking to remediate identity theft incidents. The White House simultaneously published a fact sheet explaining the impetus for the action, the changes proposed in the order, and the potential downstream effects from the steps outlined.
Continue Reading Recent Executive Order to Push for Security of Consumer Financial Transactions, Identity Theft Remediation