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FTC votes to approve CardSystems data security settlement

( September 8, 2006, 11:00 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission has voted 4-0 to approve a proposed data security settlement with CardSystems Solutions, a credit card processing company that failed to protect consumers' personal financial information from outside attacks. Under the terms of the settlement, the company must implement a comprehensive information security program and undergo third-party audits every other year.Relevant excerpt of statement follows...

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