August 24, 2009
Photo by Jay Lopez
Hackers recently targeted 7 Eleven stores and Hannaford Brothers customers for identity theft and secured information from 130 million credit card and debit card accounts. Fortunately, Albert Gonzalez of Miami was arrested. Gonzalez apparently cooperated
with federal investigators on other cases of identity theft in the past. This is the largest case of identity theft so far.
Restaurants often fail to update their computer viruses and other security systems. If you are an owner of a restaurant, it would be wise to investigate your system to make sure it is updated. Since identity theft continues to be a problem in the U.S., you as a business owner cannot afford to be negligent in this area.
These hackers used a device to tap into wireless processing and read the customer accounts as customers entered the stores.
August 1, 2009
Photo by duckycards
Institutions and consumers are becoming wiser in protecting themselves from identity theft. institutions are notifying consumers earlier about their information and consumers are now checking their records for triggers relating to possible identity theft. Unfortunately, Jeffrey Roman of Bank Info Security reports that “Because of ID theft (and the current recession), credit card cancellations and denied credit are up to 70%, an all-time high. ” In view of these problems, consumers are finding it difficult to get negative information cleared from their accounts.
Linda Foley, Founder and Chairman of the ITRC recommends that institutions and business owners “Authenticate the people you’re interacting with,” she says. “Look at your company and try to evaluate all areas a thief could possibly take advantage of. Plug those holes and develop a written policy for the staff. We have to find better ways to authenticate, which will then allow someone to say, ‘I can show you that is not me.'”
This is not a problem which will be resolved in the near future, but both consumers business owners, and institutions must continue to be more proactive in protecting their data.