Odysseas Papadimitriou, founder/CEO of the credit card comparison website, CardHub.com, said President Obama's new cybersecurity proposal does not go far enough.
"While the White House refers to credit scores as 'one of the best early indicators of identity theft' and touts the benefits of providing consumers with access to scores from a pair of major issuers, the truth is that credit scores are only as good as the credit reports on which they are based," Papadimitriou said Monday.
Obama's proposal clarifies and strengthens the obligations companies have to notify customers when their personal information has been exposed, including establishing a 30-day notification requirement from the discovery of a breach, while providing companies with the certainty of a single, national standard, according to the White House.
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