LexisNexis, Its Data and Fraud
May 3, 2009
Robert McMillan’s “LexisNexis Says Its Data Was Used by Fraudsters” here caught my attention. The story reported that “LexisNexis acknowledged Friday [May 1, 2009] that criminals used its information retrieval service for more tan three years to gather data that was used to commit credit card fraud.” Mr. McMillan added that “LexisNexis has tightened up the way it verifies customers.” The article noted that LexisNexis “was involved in other data breaches in 2005 and 2006.” Interesting. So 2005, 2006, 2009. Perhaps the third time will be the charm?
Stephen Arnold, May 2, 2009
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Do you think it possible to write a history of credit information providers through the eyes of black-hat hackers, something like a “No Country for Old Men” for the financial industry? Not to mention criminal use of information retrieved “legally”. It might after all be the only way to understand what has happened, Virginia, that alongside those who game the system are those who hijack it.
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