Improving the Security of Consumer Financial Transactions
Headline: Agencies Must Upgrade Payment Systems and Strengthen Identity Protections
What it does: Agencies must transition payment systems to enhanced security, improve identity-theft services, and implement multi-factor authentication for online government services.
- Federal payment cards and terminals will be replaced with chip-and-PIN technology.
- Victims get streamlined identity-theft help consolidated at IdentityTheft.gov.
- Government digital services will require stronger login checks like multi-factor authentication.
Summary
This order requires federal agencies to upgrade payment cards and terminals to enhanced security features, including chip-and-PIN, and to replace older cards and terminals by specified deadlines. It also directs improved identity-theft help, consolidation of victim resources at IdentityTheft.gov, and a plan to require multi-factor authentication for online government services.
Federal agencies, people who receive or use government payment cards, and victims of identity theft are affected. The goal is to better protect consumer financial data and reduce identity theft burdens.
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