Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Concerns Over ID Theft Mount

Tags » Card Issuers, Identity Management  »

Bruce Mohl reports in the Boston Globe on increasing concerns about identity theft based upon the LexisNexis incident and new news about potentially compromised credit card accounts by GM MasterCard.

Massachusetts Attorney General Thomas F. Reilly issued a statement saying he is investigating the LexisNexis breach and called for more regulation of data-mining companies.

''The majority of people are probably not even aware that these companies exist, yet they are collecting personal and financial information -- everything from your Social Security number to where you shop -- without you knowing it," he said.

Heather Timmons also reports on this story in the New York Times. In her article, she quotes Kurt Sanford, CEO of LexisNexis as saying "No matter how perfect security is, it's not going to stop identity theft in the United States," because of the amount of information that is already available on the Internet and in public databases." He goes on to say that more steps should be taken with respect to granting credit and in the way credit cards are issued and used.

Declan McCullagh writes about this story for CNET's News.com.

"Once again we're forced to ask, why should it continue to be legal to sell a person's Social Security number without permission?" said Rep. Joe Barton, a Texas Republican who heads the Energy and Commerce Committee. "If it takes a new law to protect people from identity thieves, so be it."

Add your comment... (note that all comments are reviewed before they're published)

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

Payments News on Facebook
Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2012 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates