The Federal Trade Commission has announced that it has sent claims forms to more than 1,400 consumers who may have had out-of-pocket expenses due to identity theft connected with alleged security lapses at ChoicePoint Inc.
Earlier this year, Alpharetta, Ga.-based ChoicePoint, a major supplier of consumer data to the insurance industry, reached a settlement with the FTC to pay $10 million in civil penalties and $5 million in consumer redress to settle FTC charges that its security and record-handling procedures violated consumers' privacy rights and federal laws, the agency said.
According to an FTC statement, the fine represented "the largest civil penalty in FTC history."
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