I do not expect to see financial institutions enacting adequate protections for these records. Nor do I expect them to pay for the damage caused by the ongoing thefts thereof. Not willingly.
What I expect to see in the future are lawsuits against the financial institutions, charging "gross irresponsibility" for their failure to safeguard the very financial records they have been collecting. Unfortunately, it will not be the victims of identity theft who are compensated. It will be the lawyers. John P Baker Software Engineer -----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Paul Hanrahan Sent: Tuesday, June 07, 2005 22:44 To: IBM-MAIN@BAMA.UA.EDU Subject: Re: Banks Mr. Baker, I find it ironic that the very institutions who are guilty of losing so much information are marketing identity theft insurance on the accounts they offer to customers. I couldn't agree with you more on the serousness of the situation. Paul Hanrahan ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
