[privacy] ID Theft Tech: Credit Monitoring Services Ineffective?

["Fergie" <fergdawg () netzero net>]

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In this case, "Yes."

Via The New York Times.

[snip]

Melody Millett was shocked when her car loan company asked her if she was
the wife of Abundio Perez, who had applied for 26 credit cards, financed
several cars and taken out a home mortgage using a Social Security number
belonging to her actual husband.

Beyond her shock, Mrs. Millett was angry. Five months earlier, the Milletts
had subscribed to a $79.99-a-year service from Equifax, a big financial
data warehouse, that promised to monitor any access to her credit records.
But it never reported the credit activity that might have signaled that
they were victims of identity theft.

[snip]

More:
http://www.nytimes.com/2006/12/12/business/12credit.html

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/

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