Tuesday, March 15, 2005

Not For Sale - U.S. Social Security Numbers

From my weekly "Legal Minute" radio segment, delivered in 2005

After the ChoicePoint debacle, involving the inadvertent sale of 145,000 U.S. Social Security numbers to crooks, lawmakers are taking a closer look at regulating the business of selling personal information. Social Security ("SS") numbers are used to verify sensitive personal information in a variety of contexts, from banking and credit reports to hospital records. Obtaining valid SS numbers is a prime objective for identity thieves. Now, the Federal Trade Commission (FTC) and US legislators are investigating the ChoicePoint security breach(es) in reference to a proposed ban on activities of data brokers; in particular, on the sale of SS numbers without first obtaining approval from the affected persons.

The proposed law sounds attractive but is it really?

Are lawmakers going after the right parties? Shouldn’t the thieves be the focus and, if so, shouldn’t legislators look at increasing penalties for identity thieves as well as imposing heightened security requirements upon data brokers?

If such a law is passed, I’m not so sure that it would actually protect consumers. For instance, could such a law contravene its intent by forcing consumers to divulge their SS numbers more frequently every time they wish to obtain a home loan quote, an insurance quote, open another bank account, or visit the doctor? Without ready access to SS data, will services organizations such as banks, insurers, medical institutions and private investigators be forced to increase their fees to consumers for the added trouble of verifying identities of its customers? Will prospective customers of these institutions be subjected to long, invasive and tedious identity verification practices? And, we are all users of the internet. How will this affect our user experience when we want to quickly investigate a quote on a property loan before making an offer, for instance?

I am concerned that the proposed law could do more harm than good and still not solve the problem. The problem is not the collection of our personal data and the brokers who hold that data because we all have an interest in that process (e.g., reduced fees, convenience, etc.).

The problem is that there is an incentive for thieves to obtain that data. Legislators need to address that incentive and seek to eliminate it.

This blog is for general information only and is not intended to serve as legal advice. Any liability or attorney-client relationship that might arise from your use of or reliance upon any content (including links) on this blog or from any email sent to me via this site or the web is expressly disclaimed. The content of this blog contains views of the author and shall not be attributed to Zent Law Group, PC. 


At August 20, 2005 8:05 AM , Blogger tandyprehiem0869 said...

='Brand New News Fr0m The Timber Industry!!'=

========Latest Profile==========
Energy & Asset Technology, Inc. (EGTY)
Current Price $0.15

Recognize this undiscovered gem which is poised to jump!!

Please read the following Announcement in its Entierty and
Consider the Possibilities�
Watch this One to Trad,e!

Because, EGTY has secured the global rights to market
genetically enhanced fast growing, hard-wood trees!

EGTY trading volume is beginning to surge with landslide Announcement.
The value of this Stoc,k appears poised for growth! This one will not
remain on the ground floor for long.

KEEP READING!!!!!!!!!!!!!!!


-Energy and Asset Technology, Inc. (EGTY) owns a global license to market
the genetically enhanced Global Cedar growth trees, with plans to
REVOLUTIONIZE the forest-timber industry.

These newly enhanced Globa| Cedar trees require only 9-12 years of growth
before they can be harvested for lumber, whereas worldwide growth time for
lumber is 30-50 years.

Other than growing at an astonishing rate, the Global Cedar has a number
of other benefits. Its natural elements make it resistant to termites, and
the lack of oils and sap found in the wood make it resistant to forest fire,
ensuring higher returns on investments.
he wood is very lightweight and strong, lighter than Poplar and over twice
as strong as Balsa, which makes it great for construction. It also has
the unique ability to regrow itself from the stump, minimizing the land and
time to replant and develop new root systems.

Based on current resources and agreements, EGTY projects revenues of $140
Million with an approximate profit margin of 40% for each 9-year cycle. With
anticipated growth, EGTY is expected to challenge Deltic Timber Corp. during
its initial 9-year cycle.

Deltic Timber Corp. currently trades at over $38.00 a share with about $153
Million in revenues. As the reputation and demand for the Global Cedar tree
continues to grow around the world EGTY believes additional multi-million
dollar agreements will be forthcoming. The Global Cedar nursery has produced
about 100,000 infant plants and is developing a production growth target of
250,000 infant plants per month.

Energy and Asset Technology is currently in negotiations with land and business
owners in New Zealand, Greece and Malaysia regarding the purchase of their popular
and profitable fast growing infant tree plants. Inquiries from the governments of
Brazil and Ecuador are also being evaluated.


The examples above show the Awesome, Earning Potential of little
known Companies That Explode onto Investor�s Radar Screens.
This s-t0ck will not be a Secret for long. Then You May Feel the Desire to Act Right
Now! And Please Watch This One Trade!!


All statements made are our express opinion only and should be treated as such.
We may own, take position and sell any securities mentioned at any time. Any
statements that express or involve discussions with respect to predictions,
goals, expectations, beliefs, plans, projections, object'ives, assumptions or
future events or perfo'rmance are not
statements of historical fact and may be
"forward,|ooking statements." forward,|ooking statements are based on expectations,
estimates and projections at the time the statements are made that involve a number
of risks and uncertainties which could cause actual results or events to differ
materially from those presently anticipated. This newsletter was paid $3,000 from
third party (IR Marketing). Forward,|ooking statements in this action may be identified
through the use of words such as: "pr0jects", "f0resee", "expects". in compliance with
Se'ction 17. {b), we disclose the holding of EGTY shares prior to the publication of
this report. Be aware of an inherent conflict of interest resulting from such holdings
due to our intent to profit from the liquidation of these shares. Shar,es may be sold
at any time, even after positive statements have been made regarding the above company.
Since we own shares, there is an inherent conflict of interest in our statements and
opinions. Readers of this publication are cautioned not
to place undue reliance on
forward,|ooking statements, which are based on certain assumptions and expectations
involving various risks and uncertainties that could cause results to differ materially
from those set forth in the forward- looking statements. This is not solicitation to
buy or sell st-0cks, this text is or informational purpose only and you should seek
professional advice from registered financial advisor before you do anything related
with buying or selling st0ck-s, penny st'0cks are very high risk and you can lose your
entire inves,tment.

At January 13, 2006 11:50 PM , Blogger philbencon7778 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. My blog is just about my day to day life, as a park ranger. So please Click Here To Read My Blog


At March 29, 2006 12:25 AM , Blogger davidgibson3247047943 said...

Do you want free porn? Contact my AIM SN 'p1nkn3ss' just say 'give me some pics now!'.

No age verification required, totally free! Just send an instant message to AIM screen name "p1nkn3ss".

Any message you send is fine!

AIM abuse can be reported here.

At May 14, 2006 3:21 AM , Blogger louisjones61474436 said...

Get any Desired College Degree, In less then 2 weeks.

Call this number now 24 hours a day 7 days a week (413) 208-3069

Get these Degrees NOW!!!

"BA", "BSc", "MA", "MSc", "MBA", "PHD",

Get everything within 2 weeks.
100% verifiable, this is a real deal

Act now you owe it to your future.

(413) 208-3069 call now 24 hours a day, 7 days a week.

At August 23, 2006 8:48 PM , Anonymous Anonymous said...

Only the best for employment history searching here: employment history


Post a Comment

<< Home