By Will Sturgeon
Published: Friday 16 March 2007
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Name
Richard
Location
UK
Occupation
Customer
Comment
No! First let's stop pretending!
This "valuable data" is only valuable to criminals thanks to previous poorly conceived laws & regulations.
Each new law makes the situation worse - as well as greatly increasing industry's costs ...and hence prices.
We'd do far better to introduce a general law which protects people's privacy from all threats - including intrusion by the media.
The problems of "identity fraud" and "identity theft" would be better solved by abolishing the highly insecure customer "identity checks" imposed on (willing) financial institutions by crazy government regulations and returning to a customer relationship where institutions really "know their customers" before offering loans etc.
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