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You are here: Home > Legal > Identity Theft > Some FTC Tips About Identity Theft |
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Top Articles - Some FTC Tips About Identity Theft
One of the primary roles of the FTC (Federal Trade Commission) is to protect consumers from deceptive, unfair, and illegal business practices. The today's FTC administration, c According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product urrently chaired by Deborah Platt Majoras, is focusing more and more on identity theft prevention via consumer education, as well as federal lawsuits against businesses and comp ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in anies that fail to adequately protect consumer data. Each and every consumer is vulnerable to identity theft and can become a target, and that is the message that needs to be h lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. eard by every consumer. With millions of Americans becoming a victim of identity theft each year, it is clearly a problem area, and a problem that many local, state, and federa here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe l agencies are having some trouble getting their arms around. Some studies show that some consumers may as well be wearing a sign around their necks saying "steal my identity", d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro given the carelessness with which they handle their personal information. They throw away old bank statements and paycheck stubs into the trash can directly, without even taki ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc ng the time to crumple them up, let alone shred them as is recommended. The bottom line is to take some precautions with your personal information and do not be lax about it. easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi If you are going to throw away documents that have ANY kind of your personal information on it, be sure to SHRED those documents first. Crumpling them or tearing them in half b nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically efore discarding them is inadequate, since the determined identity theft thief is expert is piecing documents together after a session of dumpster diving. Do not leave your wal and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ let or purse laying around when you have people coming in and out of your home, since that is only asking for problems. Check your bank statement and your credit card bills tho ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi oughly to make sure there are no unauthorized charges on them. Get a copy of your credit report from each of the three credit bureaus at least once a year and go over them care ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a fully, looking for bogus or inaccurate information. And as a side note, you are almost guaranteed to find inaccurate information, since studies have shown that more than 85% of dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod consumer credit reports contain errors. If you find that you have become a victim of identity theft, there are things you need to do immediately. Contact your local police, c cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ontact the credit bureaus and have an alert put on your credit report, and contact your credit card companies and bank. Does that sound like a lot of trouble? Well, it is, but tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen it is only a fractional amount of the trouble you will need to endure if you don't follow those procedures, as well as the hours of personal time you will need to invest to str t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel aighten out the identity theft mess that will be left behind. Your Social Security number represents "the keys to the kingdom" and should be highly protected. It should only b ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust e required for financial transactions and by your employer for payroll purposes, but the use of it has expanded far beyond that. If someone asks you for your Social Security nu y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products mber, you can push back and ask "Do you really need that, I would rather not give that out". For example in a doctor's office, the response will likely be something like "yes s . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de o we can match up your health insurance records". But it is worth asking, and you should NEVER write your Social Security number on a check. Safeguard your personal informatio elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip n. It may represent some inconveniences sometimes, but that is nothing compared to the inconvenience you will suffer if you find that you have become a victim of identity theft tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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