I think it's probably going to be as big of an issue as identity theft has been for the past decade. We hear from people almost daily who are having problems with their background checks.
More Quotes from Beth Givens:
It's the Social Security numbers that give fraudsters the ability to impersonate that person.Beth Givens
The person on the other end of the line is likely to have very sensitive information -- your account number, your Social Security number, the types of accounts you have (and) the way you use your accounts.
Beth Givens
If you engage in a business transaction with the bank you should have the expectation that the information will only be used to serve you and not help banks make money from marketing.
Beth Givens
You might have someone who calls in (to a cell phone provider) and says her name is Jane Smith and that she is on the road and has a problem and needs to have her phone records faxed to the hotel so she can fix it. Unfortunately, cell phone carriers will often do that.
Beth Givens
It's certainly going to cause the industry to sit up and take notice.
Beth Givens
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