Tip! Be aware when your bills usually arrive every month and check them over carefully. Thieves can steal your credit card statements and this popular type of identity theft has been around for decades.
Unlike SPAM where the Federal Trade Commission proved completely incompetent and consumers experienced a nearly 3000% increase in SPAM since the FTC put out their press releases that they were going to take a bite out of SPAM; it appears that the justice department is indeed making some headway on Identity Theft.
Although did you know that Identity Theft and SPAM are related in many ways, as there are folks stealing credit information from online Internet users thru “key stroke” loggers, Phishing Techniques and computer Spyware. What is the Government Doing on Identity Theft? Well here is what the Federal Trade Commission is doing; most of it is about consumer education;
http://www.consumer.gov/idtheft/
The President of the United States has signed two new bills into law to go after Identity theft criminals and the Justice Department is indeed making headway. Consumers can get free videos and learn better how to protect themselves. Additionally the credit card companies are getting better at catching the bad guys also.
Tip! To protect your customers’ privacy and prevent identity theft. Recent news coverage about the loss of customer information by large corporations underscores the potential risks of all businesses, including lawsuits and bad publicity.
Alberto Gonzales also recently announced a 20 country, 10 agency set of arrests which affected over 50,000 consumers of identity theft and they sent all the criminals that they caught to jail. No, this does not completely wipe out Identity Theft but all these things together; well it’s a good start. Consider this in 2006.
Lance Winslow
Due to the soaring cost to business of identity theft, our state and Federal legislatures have passed some VERY stringent laws that apply to all businesses with one or more employees. Non compliance could cost business owners personally or their business up to $1million in fines and up to 10 years in prison. Federal legislation as well as many state laws require business owners to secure all personal information (social security numbers, driver’s license numbers, credit card numbers, date of birth, etc.) of their clients and employees. 87% of business are not aware these laws even exist. Non compliance could result in closing the business, fines, penalties, criminal and civil litigation. Identity Theft issues are expected to be THE next hot class action target.Disgruntled workers with access to their employer’s data files can make a lot of money selling little pieces of you. They can sell your Social Security number Identity for $100, they can sell your credit card info (financial identity) and they can also sell your driver’s license identity which will have a negative impact on your character/criminal identity if they decide to rob a liquor store and get caught with “your” driver’s license. You already know […]
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