Interesting People mailing list archives
The Data Fleecing of America
From: David Farber <dave () farber net>
Date: Tue, 21 Jun 2005 09:11:51 -0400
Begin forwarded message: From: Bob Rosenberg <bob () bobrosenberg phoenix az us> Date: June 21, 2005 4:16:41 AM EDT To: dave () farber net Subject: NYTimes: The Data Fleecing of America DaveWill other IPer's also believe the Times is being a little too subtle? [ironic
grin] Cordially, Bob Rosenberg P.O. Box 33023 Phoenix, AZ 85067-3023 LandLine: (602)274-3012 Mobile: (602)206-2856 bob () bobrosenberg phoenix az us **********************************************PLEASE NOTE: No trees were destroyed in the sending of this contaminant free message. However, a significant number of electrons were somewhat perturbed.
********************************************** The Data Fleecing of AmericaCredit-card companies and information brokers need to adopt stronger safeguards
to prevent identity theft and notify affected consumers. http://www.nytimes.com/2005/06/21/opinion/21tue3.html?th&emc=th .................. June 21, 2005 The Data Fleecing of America The breathtaking success of data thieves in exposing 40 million creditcardholders to the risk of fraud is only the latest evidence that Congress urgently needs to force standards and safeguards on the feckless world of consumer-data gathering. Roughly 200,000 of the accounts were reported stolen
outright after a credit card processing company, CardSystems Solutions,improperly retained masses of data in vulnerable files as filchers moved in. The explanation from this member of a smug, self-regulated industry: "We should
not have been doing that." Horror stories grow by the day. CitiFinancial disclosed that unencryptedcomputer tapes for 3.9 million customers were lost by a package deliverer. Crooks were easily able to buy the data of 145,000 consumers from ChoicePoint, the nation's largest broker of personal information. In the hands of thieves, consumer data becomes liquid assets and must be guarded as such by companies
that are now far too phlegmatic about security.If it were not for California's pioneering law requiring notice to affected consumers, the rest of the nation might not have even heard warnings of how their assets and identities are increasingly at risk. Senator Dianne Feinstein,
Democrat of California, is proposing a national requirement for consumernotification, with civil damages for negligent companies. Her bill is a good start in conjunction with a comprehensive measure by Senators Charles Schumer of New York and Bill Nelson of Florida to begin regulating data merchants by
requiring registration with the Federal Trade Commission. It would adoptstronger safeguards, stop the easy access to Social Security numbers and help
identity theft victims regain their fiscal balance.Credit-card companies and information brokers - not consumers and merchants -
bear prime responsibility for the ravages of data thieves. ------------------------------------- You are subscribed as lists-ip () insecure org To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
Current thread:
- The Data Fleecing of America David Farber (Jun 21)