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Identity theft remedies in the works


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#1 Scarlett

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Posted 27 April 2005 - 07:16 AM

It's happened again. This time up to 310,000 people may have had their names, addresses, and social security numbers stolen.By Robert Vamosi Senior editor, CNET Reviews April 15, 2005 It's not the fault of the big three credit agencies--Equifax, Experian, and TransUnion--who are playing by the rules (and even working with the Federal Trade Commission to reduce ID theft and fraud); it's companies such as LexisNexis, Axiom, and ChoicePoint, third-party data warehouses now under increasing federal scrutiny.
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#2 jgweed

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Posted 27 April 2005 - 12:38 PM

I maintain that identity theft is the most serious security problem on the Net today. It causes something close to 10 BILLION dollars of damage in the US alone, takes innocent people not months but YEARS to clear up, and in many cases, the cause of the theft is completely outside of the user's personal control.
There is just too much important personal information stored in hundreds of insecure databases.....
Regards,
John
Whereof one cannot speak, thereof one should be silent.

#3 Scarlett

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Posted 27 April 2005 - 12:44 PM

I spoke to someone recently that told me his wife's debit card info. was stolen. The "thief" attempted to purchase a boat in another state. Luckily the person was caught. Everything was taken care of.

The worse part of it was, the person responsible was working on the inside. That I think scares me as much as anything.
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#4 jgweed

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Posted 27 April 2005 - 01:03 PM

Precisely my point, Scarlett.
And in many cases, the theft is not discovered until a lot more damage is done and an individual's credit record is affected, which can take a lot of time to clear up.
John
Whereof one cannot speak, thereof one should be silent.




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