Torn-up Credit Card Apps Not So Safe 470
Maximum Prophet writes "This dude tears up a credit card application, tapes it back together, sends it in with his cell phone number and father's address, and voila, gets a credit card.
Who would have thought security at a credit card company was so lax? The company recommends that consumers "tear up" financial solicitations before throwing them away, "so thieves can't use them to assume your identity.", but according to them, "Applications that arrive in damaged form are customarily transferred to an electronic format, he said -- often by machine. So it's possible a human being never handled the taped-up application and never had the chance to spot the obvious sign of trouble." In this era where we worry so much about identity theft, this sort of thing really makes you wonder what the point really is.
For the extra paranoid (Score:3, Interesting)
Isn't there a human somewhere? (Score:3, Interesting)
What? Me, worry? (Score:3, Interesting)
The point is, that there isn't any point.
It's exactly that kind of thing, and the real lack of concern that I've witnessed from gov't agencies and financial institutions all along, concerning everything from someone's actual name and SSN being used as an alias by a known felon (and the SSA refusing to issue a new SSN for the "victim") to loan officers that say that there's so much junk data on credit reports that they often ignore a lot of it, that caused me not to worry if my "identity" is "stolen."
Re:Its called a cross cut shredder (Score:4, Interesting)
Churchstreet Technologies [eweek.com] will scan the debris in a shredder's output bin and their software will reconstruct it in RAM. They claim to be able to piece together even crosscut documents as long as you haven't mixed several bags together. Seems to be that columns of number would be an intractable problem, I don't know whether they can manage those.
Re:shred shred shred (Score:5, Interesting)
You'd think so, wouldn't you. However, you might want to read this story [edwardjayepstein.com] about the Iranian students in 1979.
First three sentences of the fourth paragraph:
This particular story didn't say so but I read elsewhere that the students laid out the shredded documents on the floor of gymnasiums and pieced the documents back together.
But He Filled It Out (Score:1, Interesting)
So sure, if you fill out a credit app, tear it up, and some bozo then pieces it back together, you're in trouble - but if you don't ever fill it out, where's the problem? Seems like a big pile of sensasionalist FUD to me.
Re:The basis: Where Credit Comes From (Score:2, Interesting)
Re:Solution! (Score:5, Interesting)
Last summer I had a notice in my mailbox from the Postmaster that stated there were reports of mail theft in our neighborhood and that we should be watching closely for ID theft.
My wife is concerned with throwing mail away and the thieves getting it there. Why would they bother to go through my trash and get dirty when they can get it fresh from my mailbox w/no one the wiser.
Existing cards aren't safe either (Score:4, Interesting)
Clearly they didn't make even the slightest attempt to validate the charge. I've closed that account and put fraud watches on our credit and so forth, of course, and no other suspicious charges have shown up. Still, it makes me nervous.
Meanwhile, my father-in-law discovered his bank account was several hundred dollars short. Turns out he was auto-paying someone else's gas bill. My wife had a heck of a time straightening that out. The bank insisted it was the utility's responsibility and vice versa. "He signed up for automatic payment!"
"My father doesn't own a computer. Why would you authorize withdrawls for someone else's utility bill in the first place? Especially when their account number is identical except for two transposed digits..."
A mistake in that case, but it would be so easy to do that deliberately...
Re:shred shred shred (Score:3, Interesting)
gymnasium and scotch tape no longer required (Score:4, Interesting)
The technology now exists to scan fragments of documents en-mass and piece them together semi-automatically in electronic format. Some human interaction is still required, but it is much faster and easier than the Iranian effort. This is being done to restore ancient manuscripts but I'm sure it's being done in the covert and criminal fields as well with shreded documents.
Re:Possible? Yeah, but highly improbable (Score:3, Interesting)
Re:gymnasium and scotch tape no longer required (Score:3, Interesting)
Re:But He Filled It Out (Score:2, Interesting)
So sure, if you fill out a credit app, tear it up, and some bozo then pieces it back together, you're in trouble - but if you don't ever fill it out, where's the problem? Seems like a big pile of sensasionalist FUD to me.
Okay, suppose you tear up a credit card application and toss it in the garbage. A few days later you tear up a paycheck stub, old tax form, bank or brokerage statement -- anything with your SSN on it -- and throw that away. What makes you think that a garbage raider won't find the information and use it to fill out the torn-up application? Sure there are other, more dastardly things they could with the information, and even without the application the thief could simply go online, but small-time crooks are often opportunists who do whatever is most convenient.
Something like this is not far-fetched in the least, at least not if credit card companies will process a taped-together application. Years ago someone fished my torn-up credit card information out of the garbage and used it to subscribe to a porn site (the fact that the moron logged in regularly was his undoing). Needless to say, I now shred 80% of everything that arrives in my mailbox.
Re:gymnasium and scotch tape no longer required (Score:1, Interesting)
Shred things to microns: bleach, bucket, water (Score:3, Interesting)
So I came up with my $0.50 shredding system: 1 bucket, 2 cups of bleach, water.
Re:whose fault (Score:3, Interesting)
The reason they get away with this is not because they are big and powerful and use lawyers to crush you, they do not want or need that kind of expense, not to mention bad publicity. The reason they get away with it is because people like you preach hopelessness and people don't fight back, so it's easy to do.