Nearly eight months after the Federal Trade Commission reached a settlement with ChoicePoint Inc. over a data breach, the government has not paid any money to victims from a $5 million fund that was to be set up to do so.
The FTC also has not yet implemented procedures for how the 800 fraud victims it has identified so far can apply for and receive compensation from the fund, nor has it hired anyone to administer the fund on behalf of the agency, the Associated Press reported.
The nonpayment disclosure comes as the President’s Identity Theft Task Force adopted interim recommendations on addressing the problem of identity theft.
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