Identity Theft in the News
It seems that Identity Theft is in the news every day. What in the world is going on? Last year when TJ Max stores reported 45.7 million credit and debit accounts lost to hackers, no one was surprised! This is just another story out of the many stories we hear about Identity Theft .
Identity theft is a huge and global problem. In response to data breaches, businesses and institutions are notifying clients, customers, patients, and students about data losses. Financial institutions are issuing new accounts numbers to thousands of consumers affected by security breaches. You can view the data breach chronology by clicking here and then scrolling down 2 pages. What you will find on this website are company names and data-breach stories such as “database was hacked into, laptop with personnel files was stolen, data storage tapes were lost,” and the list goes on. And when identity thieves are grabbing up identities by the thousands, what are we to do?
Before being victimized, consumers should be proactive. Consumers should find out how they can protect themselves. The FTC website has a great video at www.ftc.gov/idtheft. It is a very good starting point to learn what devastation waits for those who are caught off-guard.
Fortunately, there is good news for consumers. Solutions tend to emerge from within the American system to respond and solve serious societal problems. Ask me about consumer solutions later.
I hope you have found this newsletter to be super informative. Have a great month.
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