Neohapsis is currently accepting applications for employment. For more information, please visit our website www.neohapsis.com or email email@example.com
[Dataloss] Congress eyes restrictions on use of Social Security numbers
From: lyger (lygerattrition.org)
Date: Tue May 16 2006 - 12:28:56 CDT
By Jaikumar Vijayan
May 15, 2006 (Computerworld) -- The possibility that U.S. lawmakers might
restrict the widespread use of Social Security numbers in commerce because
of consumer privacy issues is prompting concern in the financial services
Such a move would rob businesses of a reliable and widely used
identity-verification method while doing little to bolster consumer
privacy, said Randy Lively Jr., CEO of the American Financial Services
Association in Washington.
Lively was one of several industry representatives who testified at a
hearing last week on the use of Social Security numbers in commerce.
Lively spoke before a subcommittee of the House Committee on Energy and
"The Social Security number is the only unique identifier in our country
that enables a credit grantor, or a credit bureau, or a bank, or an
insurance company, or an investment firm to be sure that the consumer they
are doing business with" is legitimate, he said. Any attempt to change
that use could disrupt the nation's economy, Lively argued.
While concerns about the misuse of Social Security numbers and their link
to identity theft are valid, Lively said lawmakers need to understand of
the consequences of barring their use for commercial ˘ rposes. "What would
be put in place if that number were to go away and a new identifier was
put in place? And wouldn't that identifier be susceptible to the same kind
of fraud?" Lively asked.
Dataloss Mailing List (datalossattrition.org)