Thursday, December 04, 2008

Countrywide Employee Discloses Customer's Personal Information

In what we are calling the Countrywide Mortgage affair, a Countrywide employee stole the personal information of thousands of people and sold it to third parties. How did the thief defeat Countrywide's state of the art security measures? Easy - there weren't any. Countrywide did not bother to use even basic security protocols that would prevent theft of information. As a result, the employee was able to simply stick a thumb drive into the computer and steal thousands of names and information capable of being used for identity theft, and he as able to do so multiple times before being caught.

This event is frightening on many levels. Identity theft is real and it is increasing. if you have been the victim of identity theft, you know that it is nearly impossible to correct your credit history with the result that you cannot get credit or at least credit on favorable terms. Therefore, forget about opening up a line of credit or buying that new house despite all of your hard work. But more revolting is that Countrywide took no measures to protect its customers despite the predictable and disastrous results for thousands of people.

Countrywide is a lesson to all of us about the perils of the modern wold, and there is not much that you can do to protect yourself. Our firm has been investigating countrywide, and if you are a victim who lives in Georgia or Pennsylvania, we would love to hear from you. You can contact us at Davidbross@rocketmail.com

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