What law specifically addresses issues related to identity theft?

The Fair and Accurate Credit Transactions Act (FACTA) is particularly significant when addressing issues related to identity theft. This law was enacted in 2003 as an amendment to the Fair Credit Reporting Act. One of its main provisions is to enhance consumer protection against identity theft by requiring credit reporting agencies to provide consumers with free credit reports. In addition, FACTA empowers consumers to place fraud alerts on their credit files, thereby making it more challenging for identity thieves to open accounts in someone else's name.

FACTA also stipulates that there must be robust measures for securing sensitive information and mandates that consumers be informed if their information has been compromised. The emphasis on empowering individuals with rights over their credit information serves as a crucial step in the fight against identity theft.

The other options, while they may sound relevant, do not specifically target identity theft in the same comprehensive manner that FACTA does. Understanding the scope and specific measures of FACTA helps illustrate its critical role in protecting consumers from identity theft.