How much information does someone really need to know in order to impersonate you to a 3rd-party? Your name? Birth date? Address? Armed with easily found information such as this, and maybe a couple other key pieces of information such as the high school you went to, your dog’s name or your mother’s maiden name, an individual might be able to access your existing accounts or establish new loans or credit in your name.
Recently, reports of security breaches in which customer data and personally identifiable information (PII) were somehow compromised seem to appear almost daily. Choicepoint, Lexis Nexis, DSW Shoe Warehouse, Ralph Lauren / HSBC, Bank of America and more have all reported massive amounts of compromised or ill-gotten customer information just in the past couple of months.