DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

12 reasons why we’re losing the identity theft battle (and why you should care)

Posted on September 15, 2010 by Dissent

Neal O’Farrell, Consumer Security Adviser for Intersections Inc, writes:

1. Zero Liability has made consumers feel they have nothing to lose. The notion of zero liability came from a blend of federal law (the FACT Act or FACTA) and marketing savvy by financial institutions, to shift losses to identity theft from consumers and victims to the financial industry. The financial industry has often seen absorbing identity theft and fraud losses as the cost of doing business and keeping customers happy, but an unfortunate side affect: consumers believe that zero liability means zero responsibility or loss.

Read reasons 2-12 on eChannelLine

via @kanguru_news

Category: Commentaries and AnalysesID Theft

Post navigation

← The Securosis 2010 Data Security Survey
Are colleges and universities at greater risk of data breaches? →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • IMPACT: 170 patients harmed as a result of Qilin’s ransomware attack on NHS vendor Synnovis
  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
  • UBS reports data leak after cyber attack on provider, client data unaffected
  • Scania confirms insurance claim data breach in extortion attempt
  • Cybersecurity takes a big hit in new Trump executive order
  • Episource notifying 5.4 million patients of cyberattack in January
  • Investigation of 2024 Helsinki data breach – Report
  • Major trial underway for data leak that left 72,000 victims in France
  • Anubis: A Closer Look at an Emerging Ransomware with Built-in Wiper
  • HealthEC Agrees to $5.48 Million Settlement to End Data Breach Lawsuit

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
  • 23andMe fined £2.31 million for failing to protect UK users’ genetic data
  • DOJ Seeks More Time on Tower Dumps
  • Your household smart products must respect your privacy – including your air fryer
  • Vermont signs Kids Code into law, faces legal challenges
  • Data Categories and Surveillance Pricing: Ferguson’s Nuanced Approach to Privacy Innovation
  • Anne Wojcicki Wins Bidding for 23andMe

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.