According to a report by the US Treasury Department, identity theft rose 123% in the past 5 years. The question that begs to be asked is why we aren't taking it seriously? Most believe that monitoring will be enough. What if I told you that monitoring only covers less than 20% of identity theft? Most of identity theft has nothing to do with credit cards and credit reports and if you wait for it to notify you, it's too late.
When you think that all it takes is knowing your name and your date of birth to steal your identity then everyone is at risk because the only form of proving your identity is your driver's license and it has enough information to steal it, use it, and repeatedly abuse it for years to come.
Protecting it is useless if it doesn't include a plan what you are going to do when it happens to you. Ask the 22 year old I met at Applebees the other day when I inquired about how they ID people. Her identity was stolen when she was 6 years old and she just found out. Six hundred hours won't begin to cover what has to be reversed in her case. The cost will be with her for a lifetime. For others the cost will be their lives.
Thursday, October 21, 2010
Monday, October 4, 2010
State of Connecticut Acts
Five Days ago the State of Connecticut imposed upon all licensed insurance agents, of any type, the responsibility of reporting any identity theft breaches their clients inform them about to the attorney general's office. The attorney general has already taken the stance that any privacy breach that occurs in their state will require identity theft consultation and recovery as part of a company's responsibilities.
Three and one half percent of identities stolen are compromised and the costs to business grows exponentially. Not too many companies do full restoration really. Connecticut fired the first shot. How far behind do you think other states are in enacting the same requirements?
So tell me have you done your privacy prebreach preparedness yet? Do you know if it was done well? Take my test and find out.
As it relates to identity protection "How Naked Are You?" Take the Test. Get Your Score.
Three and one half percent of identities stolen are compromised and the costs to business grows exponentially. Not too many companies do full restoration really. Connecticut fired the first shot. How far behind do you think other states are in enacting the same requirements?
So tell me have you done your privacy prebreach preparedness yet? Do you know if it was done well? Take my test and find out.
As it relates to identity protection "How Naked Are You?" Take the Test. Get Your Score.
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