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Wednesday, February 16, 2005

Fraud Ring Taps Into Credit Data

"A fraud ring infiltrated one of the nation's largest collectors of consumer information and obtained credit reports, Social Security numbers and other information about tens of thousands of people in a massive case of identity theft.

ChoicePoint Inc. said Tuesday that it had begun sending letters to about 35,000 California residents to tell them that their personal information may have been compromised. The Georgia company urged them to check their credit reports for new accounts or suspicious activity.

The scope of the scam is likely to widen because California is the only state that requires companies to notify people when the security of their personal information is jeopardized.

A ChoicePoint spokesman said the number of victims nationwide could total 100,000, but the company could not be sure of the extent of the fraud and had no plans to contact people outside California.

'This is the worst in our seven years,' said the spokesman, James Lee. 'This is extraordinarily serious.'"

Full Story on the LA Times

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