by Mike Masnick
Fri, Feb 1st 2008 10:47am
We've noted in the past that it's become somewhat standard for any company who has lost the private data of its customers/employees/partners/etc. to agonize for a little while and then offer one year of free credit monitoring as an apology. Apparently that formula has reached such a point that companies are doing it automatically. This way, the press can simply combine two stories into one. Horizon Blue Cross Blue Shield of New Jersey loses a laptop with data on 30,000 members? No big deal. With the announcement they immediately offer a year of free credit monitoring and everyone can forget about it and move on. At this point, you have to assume that anyone storing personal data is starting to mentally price in the cost of a single year's free credit monitoring as a cost of doing business. It's certainly cheaper than actually securing your data.
If you liked this post, you may also be interested in...
- DailyDirt: Passwords Suck, But What's Better?
- Top FBI Official Says Tech Companies Need To 'Prevent Encryption Above All Else'
- The Price Of Ignoring Free Internet Security Advice: Billboards Of Goatse
- Financial Info On 100,000 Taxpayers Now In The Hands Of Criminals, Thanks To The IRS's Weak Authentication Processes
- FBI Director Claims That The World's Most Knowledgeable Cybersecurity Experts Are Not 'Fair Minded' About Encryption Backdoors