With everyone using their credit cards for more and more purchases some experts are warning that credit and identity theft is going to become inevitable.
“Anytime we give out any information that is proprietary, such as an account number, password, etc., with any trading partner, you are creating a vulnerability,” said Terrence DeFranco, chief executive and founder of Edentify Inc., a Pennsylvania-based company that offers identity fraud prevention and data analysis. “It’s going to happen; you have to accept that.”
“With this type of crime, there is no way to make this safer after attempts because the attempts are happening all the time,” DeFranco said. “It’s like being in law enforcement and saying you can rid a city of any crime. The only way to do that is to remove all the people.”
DeFranco has a good point. How can it be stopped?
The bigger issue is with our entire credit system which is in serious need of overhaul.
What do you think?
[Thieves access customer info during checkout use]
[tags]identity theft, stolen identity, [/tags]