Friday, May 27, 2011

How Credit Card Data Is Stolen and Sold -

How Credit Card Data Is Stolen and Sold - "Kevin Mahaffey, the chief technology officer at Lookout Mobile Security, said companies needed to stop collecting so much personal information. “Data has a new lever of value in society,” he said in an interview. “We now have robust economies that have grown around personal information and credit cards.”"

Am I missing something? If companies don't collect this information, how are they supposed to verify your identification. The SS# system is clearly broken, as too many people learn it and it is typically never changed and difficult to change even if desired.

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