An identity thief ran up nearly $2,000 in bogus charges at
I'd appreciate the irony if I wasn't so cheesed off.
The thief made off with the loot before my card could be shut down.
I received news of my fourth -- collect them all -- incident of ID theft on the same day I wrote a column saying that business have the tools and know-how to keep hackers at bay, but they don't effectively use them.
Why? As Nick Mancini, a partner at Tech Consultants in Woodland Hills put it, "It's expensive."
I proposed nationwide policies that clearly define what information can be collected and stored by businesses and the steps that must be followed to secure such info.
I also said lawmakers should enact financial penalties for security breaches. Such penalties could vary from $25 for each customer for small businesses to $500 a customer for large firms.
In Target's case, that would mean a fine of as much as $55 billion.
I was serious when I wrote that, and I'm twice as serious now.
The AmEx rep told me the company is seeing a surge in fraud reports as a result of the Target hack.