| Why You Should Close Bank of America Accounts
I have closed my Bank of America account, several months ago. If you bank at Bank of America you should close your account too. Here is the best reason why...they are at the top of the list of companies that most people have had their identity stolen. Quote:
Who's to blame for the ID theft epidemic? Surprisingly, given all the attention the subject receives, we know strikingly little about the root causes of the problem. ID theft is often called the fastest-growing crime in America, but there's precious little research into which companies have the worst security measures and which suffer the most data leaks.
Researcher Chris Hoofnagle thinks it's high time we started pointing fingers.
Hoofnagle recently undertook a laborious task: He scoured thousands of ID theft complaints filed with the Federal Trade Commission, looking for company names. His simple question: How often do people tell the FTC that their accounts or information have been stolen from particular companies, and which companies are named most often?
The answer to his query is Bank of America, which averaged 1,117 complaints in the three months he surveyed. Two cell phone companies -- AT&T Wireless and Sprint -- were second and third on the list...
| full article - Which firms have the most ID theft victims? - The Red Tape Chronicles - MSNBC.com
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