Clark proposes legislation for ID theft
The Wall Street Journal has a Page 1 story about how several companies have leaked personal and financial information of some it’s most wealthy clients. It’s sitting there for public consumption because of the carelessness of several companies, including Bank of America, U.S. Banc Corp, AmSouth, City National Bank of Los Angeles and Dreyfuss. The Wall Street Journal contacted these companies and Bank of America claims it is committed to doing something about this. Dreyfuss officials said they are “re-evaluating” how information is processed at the company. But, really, what can BOA do? It’s also creating a crisis in public confidence. Apparently, people are getting more gunshy about buying things on the Web, which can seriously harm our economy. We need privacy rights legislation in the United States and the way to accomplish that is to take political action. We need clear laws about how our personal information can be collected and used, and Congress needs to establish a law detailing exactly that. So what can you do to help? We need to write our representatives and tell them exactly what we need. So Clark is crafting a letter you can send that will get their attention. We will let you know when it is ready. Identity theft didn’t exist until these databases started forming, and the organizations that collect our information are responsible for letting it get out of hand. We have some cowboy capitalism going on and we need a new sheriff in town.
There are no comments yet. Be the first to post one!