ID Theft the Potential Reward for 26.5 million US Veterans

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In a shocking illustration of the truism that more integrated databases make for larger and more lucrative honeypots/ disaster magnets, the data of approximately 26.5 million US veterans was stolen recently. A Veterans’ Affairs employee disregarded security protocols and took a laptop with sensitive data home, then the laptop was taken during a burglary at the employee’s residence. Information stolen included the veterans’ Social Security numbers, birthdates and in some cases a disability rating. Using this information, sophisticated criminals could obtain credit reports, bank and credit card accounts and place of residence information to complete many or all of the requirements for identity theft. That in turn enables all kinds of fraud schemes that can do irreparable damage to individuals’ credit ratings and finances. Identity theft has become a serious problem in the USA, where there are far fewer limits concerning the collection, trade and custody of individuals’ personal data, and little apparent liability for its misuse. This particular incident has been compounded by questionable official actions… The systems in question have been the subject of critical Inspector General security reports since 2001. Worse, Veterans’ Affairs was notified of the potential problem immediately, but reportedly waited almost 2 weeks to […]

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