E-Commerce Times Talkback
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Summer is behind us, but recent memories of credit card processing breaches are still haunting security-conscious consumers, safety-minded merchants and bustling banks. While CardSystems Solutions made media headlines in June after a computer virus captured the private information of millions of consumers, it was certainly not the only security breach that compromised identities this year. In the same month, Citigroup reported that United Parcel Service lost computer tapes with sensitive information from 3.9 million of its home loan customers.
There is only one way to protect the use of consumers’ names and personal data. Pass federal legislation to give the individual control over their name and private information, and, while we’re at it, pay them for its use. You can read about it in my blog, The Dunning Letter at: http://www.thedunningletter.blogspot.com.
Jack E. Dunning