Grand Theft Identity — Plus A Big Bonus
from the fun-for-everyone dept
theodp writes “The fast-growing $53 billion a year identity theft industry gets the cover of this week’s Newsweek. ID thieves, who pay as little as $200 for 300 credit cards, may have less than a 1 in 700 chance of being convicted. Also disturbing is corporate America’s response to the problem. After Checkpoint sold the financial secrets of 145,000 consumers to con artists, its CEO still got a $1.8 million performance bonus. And the billion-dollar industry that has emerged to sell people protection against data theft is run by some of the same folks that fail to protect the info in the first place.” If you hadn’t realized, it’s all a big scam. The people who created the problem got rewarded for it, and are now making big money pretending to fix the problem — and, yet, nothing actually changes.
Comments on “Grand Theft Identity — Plus A Big Bonus”
The battle against identity theft hasn’t even begun, as no one really knows where to start. There’s no U.S. law that allows you to either copyright or trademark your identity, nor treat it as anything but simple information in a computer file. This is where it must begin.
It’s ironic but here is a case where extending all those draconian copyright laws to include your identity as a protected work could actually help you. Or something new similar to this.
Once such a law would pass, then the public would finally have recourse to sue the ‘information brokers’ for damages for abuse of their identity or profile.
It’s only then that things will begin to change. Otherwise, they will stay as they are.
Re: The Solution
Re: Re: The Solution = CLASS ACTION SUIT
CLASS ACTION SUIT ANYONE ?
Where the hell are the ambulance chasers ?
Sounds like politics doesn't it
What else can you say about this. Just remember to practice what is your only defence. Garbage in, Garbage out. Give anyone as little information as possible, and in any legal fashion, make the rest just wrong. That is your only way to address compilers of your data.
Politics gave him the bonus. As for the id theft protection service, when life hands you lemons, you make lemonade. I think it was smart thinking on their part.