I recently was identified as possibly being exposed to ID theft when an outsourced company that does benefits administration for my company had one of their employees have a laptop stolen with the information on approximately 300,000 people, including their dependents. I received one year of ID Theft protection. It is widely publicized that this ID Theft protection has been provided for 1 year. Now, many of these thieves are smart enough to know when they get their hands on this information, wait a year or so and then start to use it. The TJMAX problem was exploited by the people who hacked them for over two years. So these people can wait a long time and then drain your account, kill your credit, etc. Companies that lose this data should extend the coverage for ID Theft well beyond the 1 year time frame. Perhaps two to four years of coverage would be better. I will cost the company that loses the information a lot more than it does now, but it will incent them to take better care of that data.
RE: Woman hits Best Buy with suit for losing laptop
Submitted by Anonymous on Fri, 02/15/2008 - 10:15am
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