All Posts Tagged With: "identity theft"

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Credit Card Fraud is Out of Control

The challenge with credit card fraud is that as it is typically an interstate fraud, meaning happening from one state to the next, the cost and time to prosecute is typically beyond the crime itself as it would cost more to extradite a person even across country for a crime typically no more than a [...]

18Feb2008 | Riley Poole | 14 comments | Continued
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GE - We Bring Good Things To Identity Theft

So, apparently a few weeks ago, some backup computer tape went missing, and lo and behold roughly 650,000 GE (NYSE GE) Money cardholders’ was on it. How do they transport these tapes? Horse and buggy? I mean, how many damned times do I have to read about a tape being misplaced? Is the security guy [...]

6Feb2008 | James Blunts | 7 comments | Continued
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Identity Theft—Even Bank Chairmen Are Victims!

So, I don’t know if any of you heard about this, but I got quite a chuckle. Apparently, Marcus Agius, the chairman of Barclays Bank Plc (NYSE BCS) (U.K.’s third-largest bank) became a victim of identity theft. That’s right, the big man himself!
Apparently, a scammer was able to put together enough personal information on the [...]

24Jan2008 | James Blunts | 14 comments | Continued
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Identity Theft – It’s All Hype!

I really hate when an industry finds an opportunity to impose the “sky is falling” routine on the public. Fact is, every once in a while someone uses your credit card. Get over it–it’s the merchants who ultimately pay the bill anyway. The banks typically don’t even charge the $50 that they can legally charge [...]

2Jan2008 | Riley Poole | 2 comments | Continued

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