A computer tape containing personal data of 650,000 customers of about 230 retailers includingandJ.C. Penney Co is missing, credit card issuer GE Money said on Friday.
A laptop containing the personal details of 600,000 new and prospective military recruits has been stolen, the Ministry of Defense said Friday, the latest in a series of government blunders over data.
230 retailers... what does that mean? Should I switch over to cash only. WT$%$ ! I assume yesterday was a normal news day. Should I just assume that these kind of gaffe's are the norm in the modern world or should i be worried?
I admit, I do not get my credit report from Equifax/Experian/Transunion every 4 months. I guess I will have to start doing that. The worrying part here is that as the financial industry works its darnest to make every person use their birth right to credit card, it continues to exacerbate the worst case scenario. The credit card user who does not pay his/her monthly bills in full is most likely also the user who has no idea of the risks he is being exposed to.
Anyways rants aside. Any suggestion for practical solutions to this problem, should I be looking into something like "lifelock" or is one of those long term attitude adjustment problems?
--Update--
I came across this recommendation to apply for a credit freeze with the three major credit bureaus. I am looking into this and if it is not a major hassle, I might go ahead and do this. I urge you to do the same :-) and keep me posted on anything you might find as well.
