Re: Reduced spam and increased security infrastructure? [Telecom]

Jan 03, 2009 1 Replies

|Dan Lanciani wrote: |> Of course, regulating financial institutions to protect consumers is |> not as flashy as regulating the Internet. | |I think the problem is really quite simple. Credit bureaus sell |information about you. They do so without making any effort to verify |its truthfulness. Make them liable for damages if you are harmed in |any way by their sale of untrue information.



While I certainly have no objection to such a rule, it does nothing to help the "identify theft" problem where the credit bureau provides true information about the victim...



Dan Lanciani ddl@danlan.*com



The "theft" problem is more properly a problem of negligence in properly identifying someone when issuing them credit.

So the perp claims he's you, runs up big bills, and doesn't pay them.

That's really not much of a problem for you, until the credit bureau starts telling people it was you who ran up the bills, thus affecting your credit. If they were liable for the truthfulness of the information, you'd have recourse. (They could, of course, contract with businesses who report to them, that those business would reimburse them for any claims due to the falsehood of the reports.) Say, for your losses because you could not get telephone service.

Dave

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