Friday, January 04, 2008

Identity Theft of Voter Records May Cost Metro Dearly

Last night General Services Director Whittemore told Metro Council Members that the loss of the 2 laptops totaled $300.00. But, according to the Identity Theft Resource Center, the theft of even one laptop costs private businesses 300 times that small amount:
the loss or theft of just one laptop can cost a company as much as $90,000 or more in fines, credit monitoring for victims, public relations damage control, and class action litigation.
So, the monetary loss of the Metro laptops probably starts off at around $200,000 and multiplies exponentially given the 337,000 social security numbers stored on them. And you know who is going to pay for that loss? The very same Davidson County taxpayers whose credit now dangles by a wi-fi.

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