SECURITY SECRETS OF THE CREDIT CARD INDUSTRY….From the Annals of Identity Theft comes an investigation into how easy it is to apply for credit cards in someone else’s name:
I get a heck of a lot of credit card applications in the mail. A bunch for Visa, quite a few from Mastercard and tons of them from American Express.
I almost always tear them in half and throw them away. Sometimes, if I am feeling particularly paranoid, I’ll tear them into little bitty pieces.
Is that good enough? Could a determined and dexterous criminal gather all the bits, tape them together and apply for a card in my name? Would a credit card company balk when confronted with an obviously resurrected application?
I think you can probably guess how this turned out, but click the link and read one man’s look at the credit card industry anyway. It turns out there was more to it than just tearing up the application…..
UPDATE: More here.