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Congress Aims to Thwart Identity Theft (AP)







Congress Aims to Thwart Identity Theft
(AP)

Congress Aims to Thwart Identity Theft
(AP)
04/14/2005 07:26 PM

AP - Responding to outrage from consumers whose personal information has been stolen from companies, Congress is primed to pass new laws to try to prevent break-ins and to require businesses to confess to customers when private data is taken.




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Congress Aims to Thwart Identity Theft (AP)

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NY AG Wants Do Not Identity Theft Law 04/18/2005 02:28 PM
New York's Attorney General (and gubernatorial candidate) Eliot Spitzer seems to show up wherever there's an issue that's getting a lot of press. He took on Wall Street companies, spammers and insurance scammers among many others. So, is it really any surprise that he's now decided to take on identity theft? Of course, there already are laws against identity theft and fraud. While they could be made better, it's not clear that's what's happening here. In fact, one of the proposed laws speaks directly to all of those recent data leaks from ChoicePoint, LexisNexis and others. It would create a "Do Not Share" list that people could sign up for, forbidding any of these companies to share your data. While this might sound good on its face, it seems to be based on the idea that there really isn't a good reason for companies to ever share your data -- which isn't quite true. Many of the conveniences we have these days is because of the data that's available. Granted, in plenty of cases it may have gone too far, and these companies have done a dreadful job -- but a full stop "do not share" list (which many people would quickly sign up for without realizing the impact) could greatly inconvenience many people. A much more reasonable solution isn't to ban all sharing of information, but to give people more control and visibility into (1) what information companies have about them and (2) how it's being used. That way, individuals can work to prevent the misuses, while still getting the benefits.

Identity Theft And Meth


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USA Today is running an AP article talking about how law enforcement is working on bet ter ways to combat identity theft, where someone mentions that all of those involved with identity theft also are involved with methamphetamine. That was certainly true of the profile of an identity theft ring we wrote about last year, but it seems like focusing on that aspect shouldn't be useful for very long. With the rate at which identity theft crime is growing, it seems likely that it, too, will start to get taken over by organized crime groups - and will become increasingly sophisticated. In other words, if you thought identity theft was bad now, it's only going to get worse. At what point will credit agencies and financial institutions realize that they need to take the issue of identity theft more seriously?

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Allstate launches identity theft coverage in Tennessee: Allstate insurance has started offering identity-theft insurance as a rider to homeowners' policies.

Allstate's new identity theft expenses coverage is available for Allstate homeowners and renters in Tennessee for approximately $30 a year. It provides customers access to professional identity restoration assistance. If a customer chooses to do the work on their own, Allstate's policy provides up to $25,000 in reimbursement coverage for expenses incurred to restore their identity, including attorney fees, loan reapplication fees, credit report fees, and lost wages.

Along with spam, identify theft is another parasite propeled by the Net. Funny how these things open up entire revenue streams of their own. For every problem, there is a solution...and someone who will sell it to you.

I wonder if they could increate the premium based on Net usage? Do they Google for you before they write the policy?


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The FTC has put out their list of what people were complaining to them about, and it seems that identity theft tops the list for the fourth straight year - with 42% of complaints concerning the crime (up from 40% the year before). What's most interesting to me about this, though, is that despite all this identity theft, we still haven't done much to prevent it. It still seems like most lawmakers and authorities don't see it as a serious problem.

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MSNBC, which has been covering identity theft stories for quite some time, is now running a very long excerpt from a book about identity theft called < i>Your Evil Twin : Behind the Identity Theft Epidemic. It goes over the stories of a few of the biggest identity theft criminals around, showing just how they impersonated the rich and famous to take their money. The scary part, of course, was just how easy it was -- and how unsophisticated the scams really were. While the press hyped up the capture of one of the criminals, in looking at the details, it becomes clear that the guy made a lot of silly mistakes (such as using the same free email account for a variety of his scams -- often within the same bank). The real culprit is the system by which the credit card companies and the credit bureaus run their businesses. As it stands, they have very little incentive to actually secure the system. Instead, they let it the crimes occur, and let everyone else deal with the mess.

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There are a ton of currently hazy legal issues being raised by a case heading to the Maine Supreme Court concerning one family's attempt to find out who sent out an unflattering email about them to neighbors - using a fake email address. The email address in question was made to look as though it were from Ron Fitch (the person now suing to find out who sent the email), though it used a fake email address, and not Fitch's real email address. The email included a cartoon making fun of Fitch and his family for their ongoing efforts to change the small island they live on. The family is now suing to try to find out the identity of who sent out the email. So, there are a variety of legal questions that need to be answered - and not all of them are that clear. First, is sending out an email that could possibly (but not necessarily) be interpreted as being from someone else be considered "identity theft" of that person, as Fitch is claiming? Next, is sending out an unflattering cartoon of your neighbor over email protected free speech - such as satire? Finally, should an ISP be forced to reveal the identity of an email sender just because someone doesn't like the content of the message - or does the sender have a right to privacy? The answers to the first two questions probably impact the last one - though, the lawyers are likely to argue with that. The last question, if you listen to the entertainment industry these days, is already answered - but that might get a little murkier when people realize that just about anyone can try to get the identity of anyone else sending emails. It's easy to say that the right to privacy online ends when you break the law, but it's not always such a clear cut case.

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Michael Gregg of SearchSmallBizIT.com writes: Businesses are increasingly tasked with processing more and more amounts of electronic information. This can be especially burdening on small and medium-sized businesses because of their size and manpower. If they fail to handle this information properly, they may be just one click away from disaster. It’s a valid possibility that the organization could be held liable if personal data is disclosed to an unauthorized person. The business could also…

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Grok Description matches for Congress Aims to Thwart Identity Theft (AP)
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Congress Aims to Thwart Identity Theft (AP)

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