Data Theft Soars to Unprecedented Levels

A Wired article reports on data loss in 2007, and the numbers aren't good. Credit card and social security theft was at an all-time high, with even more losses expected in 2008. Information thieves, it seems, are just one step ahead of IT security. "While companies, government agencies, schools and other institutions are spending more to protect ever-increasing volumes of data with more sophisticated firewalls and encryption, the investment often is too little too late. 'More of them are experiencing data breaches, and they're responding to them in a reactive way, rather than proactively looking at the company's security and seeing where the holes might be,' said Linda Foley, who founded the San Diego-based Identity Theft Resource Center after becoming an identity theft victim herself."

The Solution.

[Slashdot Suxxors]

Just provide your credit card number to me and I will make sure no one steals it.

call me a cynic

[LiquidCoooled]

We hear about CC theft a lot and I am sure it does occur, but most of the time its embarrassment which is the real culprit.

"darling, the CC company says we owe them $2400 dollars."

"thats nonsense, I barely use my CC"

"it says there were hookers, gallons of gin and a blackjack tableset ordered to an address in Nevada."

"OMG it must have been the waiter in the diner I went in on the way to the 'conference' with work! (pray you are saying it with a straight face)" ...

Re:The Solution.

[doombringerltx]

As common as capitalization?