Quote:
Originally Posted by BioCRN
They use it to save themselves money on postage and time not sending you offers that aren't targeted, not to find some secret information to take your family down and enslave you.
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And then they get hacked and all that info ends up in the hands of people who use it to exploit.
I have 3 rental homes. A year ago, within about 4 months of each other, two of them informed me the company they were using to service those mortgages had been hacked, and my data were exposed. When I applied for those mortgages, I had to submit much more than just my address, contact info, SSN, employer, but also my assets. In two ionstances, the companies I got my original mortgaghes with sold my loan to another mortgage company. In both cases, those new mortgaghe companies then farmed out the servicing of those mortgages to yet another party. Not to mention, my homestead mortgage. So, I figure at least 5 mortgage companies have very sensitive information on me, and at least twice, a vendor they did business with fumbled it into the hands of thieves.
I have a master's degree in software engineering. I worked for years in the data warehouse dept. at Express Scripts, where we had, at one time, over a billion prescription claims records, along with referential data on the members, prescribers, pharmacies, drugs prescribed, and so on. I know something about data security, and I can tell you, between contractors working for us who had access, and older claim data we archived off our platforms to be stored with an outside vendor, it is nearly impossible to keep data completely secure.
It isn't a boogy-man argument to say that the less personal and financial data we are forced to reveal, the better.