These guys (and everybody who violates the privacy laws like them) should be required to pay for in depth fraud monitoring and credit report monitoring. If you are going to warehouse our data especially without our knowledge, then they should pay for their own screwups.
There is no way that any company could conceivably recompense all 100,000 victims.
You can't cover your ass if you screw up big time? It's simple......you......should.....NOT......be.....al lowed.....to......keep.......records on vast numbers of human beings with lives and financial histories to protect.
I agree, and indeed I would go further and say that such companies should face criminal charges as well as lawsuit liability. They are essentially accomplices to the crime, as other posters mentioned. A company that keeps such records inappropriately and lets them get into the wrong hands should lose its corporate charter. I don't want to see this company pulling the same shit ten years from now with a different technology. We need real information privacy laws with teeth.
It's simple......you......should.....NOT......be.....al lowed.....to......keep.......records on vast numbers of human beings with lives and financial histories to protect.
I'm sorry, your dramatic punctuation license has been revoked for abuse.
Agreed. If the want such databases; they should have to buy insurance against such theft - and the insureance companies would probably require pretty strict audits of the security.
Other industries that can affect peoples lives have to have malpractice insurance. So should they.
the only insurance that would be developed is individual protection against identity theft. even if these companies were forced to purchase insurance, it would just result in consumers paying more for credit cards, car loans etc...
i dont know about you, but i would rather take my chances and use a reasonable amount of protection regarding my identity.
There is no way that any company could conceivably recompense all 100,000 victims.
Casinos have to have enough cash on hand to cover every chip in play (at least in Nevada)...why can't data warehousing companies be held to at least similr expectations? It would certainly provide a little incentive for them to actually try to secure the data...
Then they need to be completely liquidated to proportionaly recompense as much as possible for all 100,000. Then suits need to be filed against the board of directors to go after the rest.
Finkployd
It's not an optical illusion, it just looks like one.
-- Phil White
Credit report monitoring (Score:5, Insightful)
Re:Credit report monitoring (Score:1)
Re:Credit report monitoring (Score:5, Insightful)
You can't cover your ass if you screw up big time? It's simple......you......should.....NOT......be.....a
criminal penalties (Score:3, Insightful)
Re:Credit report monitoring (Score:3, Funny)
I'm sorry, your dramatic punctuation license has been revoked for abuse.
Re:Credit report monitoring (Score:0)
Other industries that can affect peoples lives have to have malpractice insurance. So should they.
Re:Credit report monitoring (Score:0)
i dont know about you, but i would rather take my chances and use a reasonable amount of protection regarding my identity.
Re:Credit report monitoring (Score:0)
Re:Credit report monitoring (Score:2, Insightful)
Casinos have to have enough cash on hand to cover every chip in play (at least in Nevada)...why can't data warehousing companies be held to at least similr expectations? It would certainly provide a little incentive for them to actually try to secure the data...
Re:Credit report monitoring (Score:2)
Re:Credit report monitoring (Score:0)
Fiscal year ending Dec 03
Ticker: CPS
Revenue $795
Gross Profit $348
Net Income $141
(in millions of dollars)
Re:Credit report monitoring (Score:2)
Finkployd