Identity Theft Inevitable?
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With everyone using their credit cards for more and more purchases some experts are warning that credit and identity theft is going to become inevitable.
“Anytime we give out any information that is proprietary, such as an account number, password, etc., with any trading partner, you are creating a vulnerability,” said Terrence DeFranco, chief executive and founder of Edentify Inc., a Pennsylvania-based company that offers identity fraud prevention and data analysis. “It’s going to happen; you have to accept that.”
“With this type of crime, there is no way to make this safer after attempts because the attempts are happening all the time,” DeFranco said. “It’s like being in law enforcement and saying you can rid a city of any crime. The only way to do that is to remove all the people.”
DeFranco has a good point. How can it be stopped?
The bigger issue is with our entire credit system which is in serious need of overhaul.
What do you think?
[Thieves access customer info during checkout use]
[tags]identity theft, stolen identity, [/tags]
2 Comments
marc klink
June 2nd, 2007
at 1:58am
This strikes a sore spot with me. It’s called the REAL ID system. It was put into law in 2005 by the idiots we have in Washington representing us. My son is about to get his driver’s license, and in our state [Ca], the wonderful people in Sacramento have decided to comply before it is necessary to. Point being that someone starts out with a social security number at birth now, and with the new law the SSAN must be given to DMV to get a license. The more places the information is available, the more the chance it will become available to undesirable parties. It is simple probability, coupled with the knowledge that the government is totally fallible [at least 4 stories in the news of information loss by government entities in the last 3 months].
Nora Riffee
June 3rd, 2007
at 3:05am
I thought I was safe, because I am disabled and don’t have much money or credit. But I lost my prepaid credit card out of my pocket one day and had charges on it by noon the next day. Next thing I knew they had gotten my address and my mail started disappearing out of my mailbox. Now I know no one is safe from it.