larryyellen's Blog

A followup to our yearlong reports on the hazards of popular file-sharing programs like Limewire. In July, I covered hearings in Washington D.C. focusing on the problem. Now, Rep. Henry Waxman, who presided over the hearings, has written a letter to the Federal Trade Commission, asking the agency to investigate the risks that peer-to-peer networks pose in the area of identity theft. The congressional hearings, which included information from our reports on Fox News Chicago, revealed, according to Rep. Waxman, that "the problem of inadvertent file sharing is a much more significant problem than previously thought."