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Marriott Discloses Missing Data Files
An anonymous reader writes "Marriott International has admitted that it is missing backup computer tapes containing credit card account information and the Social Security numbers of about 206,000 time-share owners and customers, as well as employees of the company." From the Washington Post story: "Officials at Marriott Vacation Club International said it is not clear whether the tapes, missing since mid-November, were stolen from the company's Orlando headquarters or whether they were simply lost. An internal investigation produced no clear answer. The company notified the Secret Service over the past two weeks, and has also told credit card companies and other financial institutions about the loss of the tapes."
Given the lack of competence of DHS, eliminating their funding can only be a good thing. They only seem to make things worse, and haven't really shown any evidence of being effective at doing anything other that waste money and erode civil liberties.
... and then they built the supercollider.
I'm glad to read Marriot is offering credit fraud monitoring to the affected people like how Ford offered to its employees when they recently lost 70,000 employee/retiree SSNs. Unless it is lifetime monitoring I fail to see the long term value.
Wait a second, why don't the credit bureaus offer free lifetime credit fraud monitoring to everyone in the first place?
Speak truth to power.
that if these large corporations can't be trusted to play with their computers safely, maybe they should have them taken away. At the very least, I think some adult supervision should be required by law. And if that doesn't work, send them back to using typewriters and filing cabinets.
The higher the technology, the sharper that two-edged sword.
A report (with pretty graphs) from a recent financial engineering class. Data was from Feb to Sep 2005...
The 83 recorded loss events were categorized by loss event type and by industry sector. The data is relevant over 232 days. This yields a probability of a loss event occurring in any sector on any given day 35.7%. If only events affecting financial services institutions are counted, the probability is 7.5%.
http://privacydata.michaelaiello.com/paper.pdf
Bring forth the math corrections
I think that you're asking the wrong question here. Shouldn't you be asking "why does it matter if they keep your SSN?" Our whole system of using SSNs to identify people is broken, and if Congress would get off their lazy duffs and fix the problem then maybe it wouldn't matter if someone had my SSN number or not. A simple change to credit reporting laws that would require a second level of verification of the identity of a consumer before granting credit, like what happens when you put a fraud alert on your credit report, would go a long way toward fixing this problem. But those who issue credit are afraid that if you got rid of easy credit then their market would collapse. I'll agree that some people would be inconvenienced by such a system (like those who move around a lot), but it sure would reduce fraud. At the very least, I should have the option of making a fraud alert permanent, and to have complete control over who can view my credit history. Then maybe it wouldn't make such a difference if someone got my personal information.
If you don't want crime to pay, let the government run it.