Identity Resolution Daily

[Daily Post from Infoglide Software] Who pays the cost of theft and fraud in retail? You do.

As organizations slowly realize why their profits are slipping, customers have to essentially pay a fraud-tax in the form of higher prices to offset the loss. Imagine what would happen to pricing and profits if an organization could leverage existing data and to combat shrinkage and fraud.

Kiplinger.com: U.S. to Fingerprint E.U. Visitors

“Border checks could also soon include other biometric data, such as facial and eye retina scans, as the U.S. upgrades security at its ports, airports and border crossings, said P.T. Wright, the operations director for the U.S. Department of Homeland Security’s US-VISIT Program.”

USATODAY.com: Credit bureaus fight consumer-ordered freezes

“The CDIA has been scrambling for two years to get federal lawmakers to defuse the onrush of state laws empowering consumers to freeze access to their credit histories to prevent identity theft. It spent a record $1.4 million on federal lobbying in 2006, nearly double what it spent in 2004, according to the Center for Responsive Politics.”

The Enquirer [Cincinnati] - 5/3 faces privacy suit

“He wants the lawsuit certified as a class-action on behalf of other consumers who might not know. Damages for a class-action lawsuit under the Fair Credit Reporting Act would be limited to $500,000 plus legal expenses, so the victims would probably get a nominal award if they win, Shane said, although anyone would be able to opt out of the class action.”

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This entry was posted on Tuesday, June 26th, 2007 at 9:35 am and is filed under Daily Link Posts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.