Skip to content
BOL Conferences
Thread Options
#82661 - 05/24/03 01:59 AM Banks are the ones to blame for identity theft?
RVFlyboy Offline
Power Poster
RVFlyboy
Joined: Oct 2000
Posts: 5,992
Soaring over Georgia
What's everyone think about this article that seems to say that identity theft is the fault of bank's and their lax identification practices concerning credit. Wonder who they'll blame after October 1.
_________________________
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions

Return to Top
Security - PUBLIC
#82662 - 05/24/03 02:58 AM Re: Banks are the ones to blame for identity theft?
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,756
On the Net
Customer conveniences are a double edged sword.

The October 2 article will say, too little, too late.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#82663 - 05/24/03 01:27 PM Re: Banks are the ones to blame for identity theft?
DawgFan Offline
Diamond Poster
DawgFan
Joined: Jul 2002
Posts: 1,678
United States
This is just stupid. Yep, there are probably some slackers out there who ignore the fraud alerts, etc., and that's just wrong. News flash to America! Identity theft is never going away, people. We all wanted conveniences like internet and telephone applications, and there are some drawbacks. We can't stop it, we can only hope to contain it. What this probably means is that GLBA and CIP aren't going to cut it a few years down the road.
_________________________
Opinions expressed are solely my own.

Return to Top
#82664 - 05/24/03 01:38 PM Re: Banks are the ones to blame for identity theft
Kansayaku Offline
Diamond Poster
Joined: Jan 2003
Posts: 1,454
metsuretsu
Quote:

Wonder who they'll blame after October 1.




If I have any input, they'll blame it on the US Postal Service.

Rant warning!!!

A customer brought in some of my mail (addressed to my home) that ended up at their office. I know I am not alone as I have been fortunate enough to receive credit card and bank statements belonging to other persons. If this is not giving people opportunity to steal identities, I don't know what is.
_________________________
I have many opinions; some are good, some are bad, and some don't contradict.

Return to Top
#82665 - 05/28/03 04:51 PM Re: Banks are the ones to blame for identity theft
Princess Romeo Offline

Power Poster
Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
A lot of the Identity Theft has been carried out by folks opening accounts at big "wherehouse" type home improvement stores, large electronic/stereo/computer stores, cell phone accounts, and car purchases from dealerships.

Are these all considered "banks"?
_________________________
CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'

Return to Top
#82666 - 05/28/03 05:08 PM Re: Banks are the ones to blame for identity theft
Lestie G Offline

Power Poster
Joined: May 2002
Posts: 3,608
Near the Land of Enchantment
Here's a new twist that we heard about recently. A person applied for and was offered a job from an internet ad (for an internet-based job. Sorry, don't know which job site). The person sent typical HR-requested identification information to the 'employer' and had their identity stolen for their trouble. Scary!

The person figured this out after they had several fraudulent checks pay against their account. I'm sure somehow this will be the bank's fault, but my imagination is having a hard time connecting the two!
_________________________
Opinions my own.

Return to Top
#82667 - 05/28/03 07:08 PM Re: Banks are the ones to blame for identity theft
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Here's my twist on a line from a M*A*S*H episode:

Rule #1: P.T. Barnum's dictum "There's a sucker born every minute" is still in full force and effect.
Rule #2: Banks can't change Rule #1.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker

Return to Top
#82668 - 05/29/03 06:23 AM Re: Banks are the ones to blame for identity theft
Princess Romeo Offline

Power Poster
Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
Quote:

Here's a new twist that we heard about recently. A person applied for and was offered a job from an internet ad (for an internet-based job. Sorry, don't know which job site). The person sent typical HR-requested identification information to the 'employer' and had their identity stolen for their trouble. Scary!



I heard about this ID Theft scam a few months ago from a Postal Inspector. At one point, I saw an advisory on Monster.com, but I haven't seen it lately.
_________________________
CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'

Return to Top

Moderator:  Andy_Z