Credit System Needs To Be Cleaned Up To Prevent Identity Theft
from the not-a-good-system dept
Monday's big bust of the identity theft gang that stole thousands of people's identity and millions of their dollars has brought up a lot of issues. Despite the thousands of reports telling people what to do to avoid having their identity stolen, this scam wouldn't have been stopped by any of those methods, suggesting there are bigger problems. In fact, plenty of people are suggesting that the problem is only likely to get much worse, which is leading some to come up with some suggestions on how to prevent this type of identity theft in the future. It seems that the real problem is how the various credit bureaus are set up - and how they make it easy for companies to get your credit report, but difficult for you to view your own credit report, or to alert you when changes have been made to it. If the credit bureaus were forced to send you an email alert telling you when changes had been made, or to let you log in to your account (like any online bank system), a lot of this would have been prevented - as people would have caught the thefts much more quickly.