IRS Hacked....

Discussion in 'Credit Talk' started by seraph23, Mar 18, 2005.

  1. seraph23

    seraph23 Active Member

  2. ontrack

    ontrack Well-Known Member

    The security breaches just grow with the number of institutions having access to identity information.

    "Security" is maintained at the boundary with the public, but there is no boundary within institutions around the underlying information, since the underlying information is sold and traded outside of consumer control or visibility, and not even tracked.

    As a result, ID theft grows exponentially, at double digit annual rates. Without any mechanism to resecure consumer authentication and remove damaging credit information faster than it is created, this will likely continue until the various databases become largely corrupted. Kind of like a rotten smell diffusing until it fills the whole room.
     
  3. ontrack

    ontrack Well-Known Member

    Another company has to respond to their weak security:
    http://www.msnbc.msn.com/id/7231785/
    Same:
    http://www.msnbc.msn.com/id/7224832/

    Choicepoint didn't even notify California consumers whose identities were stolen for months after they knew, even though there was a specific California law requiring it.

    Theft:
    http://www.msnbc.msn.com/id/7224908/

    Credit card info stollen:
    http://www.msnbc.msn.com/id/7132665/

    Theft by small CC charges, to avoid notice:
    http://www.msnbc.msn.com/id/7150531/
    sounds like a repeat of this:
    http://www.faughnan.com/ccfraud.html

    Customers didn't even know this outfit got their info when they did business with another outfit:
    http://www.msnbc.msn.com/id/7149890/

    Errors diffuse faster than they are correctable, especially when consumers aren't even supposed to know they exist:
    http://www.msnbc.msn.com/id/7118767/

    New book:
    http://www.msnbc.msn.com/id/5763781/
     
  4. ontrack

    ontrack Well-Known Member

    "I want you to get up now out of your chairs and go to the window! Open it and stick your head out and yell, "I'm mad as hell and I'm not going to take it anymore!" "

    -- Howard Beal, Anchorman, in the movie, "Network", 1976
     
  5. ontrack

    ontrack Well-Known Member

    nothings a secret anymore
     
  6. Your Shado

    Your Shado New Member

    Secrets? No, no secret is sacred.
     
  7. ontrack

    ontrack Well-Known Member

    It appears 87% of ID thefts are classified by the lenders as due to dead-beat consumers. How much of this bogus "debt" is floating around in the junk debt collection market?

    http://www.msnbc.msn.com/id/3087443/

    "A massive study of 200 million new credit card, checking account and cell phone accounts opened during 2001 ââ?¬â? with participants like Citibank, Dell, Bank of America, and T-mobile ââ?¬â? shows that 7 out of 8 identity thefts are mis-categorized as simple credit losses by lenders."
     

Share This Page