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Quote of the Day - Everybody likes a kidder, but nobody lends him money. - Arthur Miller
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Inversely Proportional: Bank/Money and Bank/Consumer Data

You've seen them roaming the streets, pulling up to banks. Gun-toting guards between the truck and the bank doors, one guard hauling bags-o-cash out from the bank into the truck.

That's a bit of a different way then the banks handle computer data tapes.

They're shipped - among other ways - by Brown. Yep, banks protect their valuable money with armored cars, but consumer data ...

'Protected' via common carrier.

Your and my personal data goes from the bank to the credit agencies by regular, everyday truck, not by armored truck.

Think that practice will change anytime soon?

Apparently, Citibank has lost tapes of consumer data for four million of its customers. They were 'misplaced' sometime between when they were picked up from the bank and (not) delivered to the credit agencies.

My suggestion? Treat our data like you treat your money.

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Printer friendly page Permalink Email to a friend Posted by J. Craig Williams on Wednesday, June 08, 2005 at 22:39 Comments Closed (0) |
 
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