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Identity In New Theft York Article
40 Million People Hacked - YOU as Identity Theft Victim
By Mike Valentine
Saturday, MasterCard blamed a vendor of ALL credit card providers called CardSystems Solutions, Inc., a third-party processor of payment card data, as the source of loss of 40 million consumers credit card information.
As is pointed out by several newspaper and web articles over the last few weeks, each recapping long lists of financial information data breaches, something's gotta give before we entirely lose trust in financial institutions, data brokers and credit bureaus. How much privacy loss can we take without acting?
These types of data loss were very likely common and have very probably been going on for a very long time. The difference is that now, THEY ARE REQUIRED BY LAW TO DISCLOSE THOSE LOSSES - not just in California, but in many states. National disclosure laws on data security breaches are being considered in Congress.
I suggest that these breaches of data security all came to light due to the California law requiring disclosure from companies suffering hacking loss or leaks or social engineering or crooked employees or organized crime rings posing as "legitimate" customers. All of the above have been given as reasons for security lapses or poor security policies.
About three years ago, a friend told me his paycheck deposit to Bank of America went missing from account records after he took his check to the bank on Friday. By Monday, Bank of America was in the news claiming a computer glitch had disappeared the entire day's deposits. I mumbled to myself, "I'll bet that was a hack and that hacker just made a huge offshore banking deposit with B of A depositors' money."
But we didn't find out why it happened in that particular case because there was no disclosure law in place at the time. Now we have disclosure laws that mandate notice of security breaches. Now suddenly - huge financial services hacks and devious criminal social engineering outfits posing as legitimate customers and apparently "innocent" losses by transport companies of backup tapes begin to come to light.
This spate of data loss incidents is proof of the need for corporate "sunshine laws" that make public notice mandatory of those data losses that threaten customer information.
Who is going to lose here - the public, the corporations, the criminals, or the government? I'd prefer that the bad guys get the shaft and take down crooked company insiders that either facilitate data loss by underfunding security and encryption or participate in data theft or loss in any form - even if that participation is security negligence.
Financial companies and data brokers have been covering up the losses and keeping quiet about hacks so as not to worry or frighten their customers. But that practice is essentially ended now that they must notify the public and disclose those losses instead of hushing them up.
Keeping the breaches hidden from public view is bad practice as it maintains the status quo. Disclosure will facilitate internal corporate lockdowns on the data and all access to it. Disclosure will educate the public to the lack of security and danger to the sensitive information we all provide rather casually and routinely to businesses.
As the following link to a silicon.com story suggests, we cannot take much more of this lack of regard to privacy and must lock down financially sensitive data securely and must begin to hold data brokers, bureaus and handlers VERY accountable.
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A Newark Liberty Airport security supervisor pleaded not guilty to identity theft Tuesday as new details emerged about his alleged 20-year odyssey of deception, including that he may have assume...
Read more...Airport security guard pleads not guilty to ID theft of dead man
A Nigerian man who supervised more than 30 private security guards at Newark-Liberty International Airport pleaded not guilty Tuesday to identity theft of a man killed in New York two decades ago, prosecutors said.
Read more...Airport worker allegedly had man's ID before death
A Newark Liberty Airport security supervisor pleaded not guilty to identity theft Tuesday as new details emerged about his alleged 20-year odyssey of deception, including that he may have assumed the identity of a New York man weeks before the man was murdered.
Read more...Newark airport worker arrested for identity theft
NEWARK, N.J., May 15 (UPI) -- New Jersey police say a security supervisor at Newark airport has been arrested for using the identity of a murdered man to hide his immigration status.
Read more...Authorities: Airport security supervisor used dead man's identity
A man who supervised more than 30 private security guards at Newark-Liberty International Airport is accused of being an illegal immigrant who took the identity of a man killed 20 years ago, the Port Authority of New York and New Jersey said Monday.
Read more...New Jersey airport security supervisor accused of using dead New York City man's ID for years
Longtime employee accused of being illegal immigrant using identity of New York City man murdered 20 years ago
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