TELECOM Digest OnLine - Sorted: Companies Want _US_ to Pay For Their Mistakes

Companies Want _US_ to Pay For Their Mistakes

hancock4@bbs.cpcn.com
21 Jun 2005 09:23:30 -0700

I called my credit card carrier to check my balance. Instead of
getting the automated answer, I was connected right through to a real
person.

He tried hard to pitch me with credit card insurance costing $100.

ABC News, when reporting on the recent multiple credit card
information thefts, also mentioned the availability of consumer
insurance to protect against ID theft. They said it took a victim 600
hours of time to correct everything and the insurance would cover lost
wages.

This really irked me. It's the companies' fault, not ours.

Why shouldn't the credit card companies assume all costs for identify
theft and card theft? After all, in most cases it was their
sloppiness? Do they aggressively go after violators? No, they do
not, and small guys get away with it (ie photocopying a credit
card/driver's license then using it fraudently). Those people aren't
prosecuted "too much trouble".

Does anyone support the companies?

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