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Portal of Dallas

Radio Shack ID Theft Issues Not a Surprise to ID Theft Experts

Date posted: April 3, 2007

According to documents filed Monday, April 2, 2007 by the Attorney General, RadioShack violated a 2005 law requiring businesses to protect any consumer records that contain sensitive information, including Social Security and bank account numbers.

The investigation was launched after reports indicated company employees dumped bulk customer records in garbage containers behind the store. According to investigators, the records contained sensitive consumer information, including Social Security numbers, credit and debit card information, names, addresses, and telephone numbers.

“In this day and age it’s hard to imagine anyone who hasn’t heard about the risks of identity theft and it’s no wonder the State of Texas is attempting to come down so hard on Radio Shack,” said Jim Stickley, CTO and co-founder of TraceSecurity. This was simply the complete disregard of their customers privacy and confidential information.”

“What is most ironic is that Radio Shack sells shredders aimed at helping people protect their identity at home. I would like to say that I am surprised but unfortunately we see this type of behavior happen routinely in general business. I would hope this suit brings the attention needed to this major information security threat.”

With thousands of successful identity theft scams performed for his clients, Jim Stickley is arguably America’s most successful “ID thief.” Jim Stickley and his company, TraceSecurity, are paid by organizations to audit their policies, procedures and technology for weaknesses an ID thief might exploit to capture their customers’ personally identifiable information such as credit card numbers, social security numbers, driver license numbers, etc.

About TraceSecurity
TraceSecurity is a leading provider of on-demand security compliance management solutions. The company’s patent-pending enterprise solution, TraceSecurity Compliance Manager, helps customers satisfy national and international data security compliance requirements mandated by such regulations as GLBA, Sarbanes-Oxley, and HIPAA. The software’s patent-pending technology automates vulnerability testing, policy management, employee education and board-level reporting. More than 500 global enterprises in the financial services, insurance, healthcare, government, manufacturing and services industries rely on TraceSecurity to continually test and improve the physical and virtual security of their companies. Headquartered in Baton Rouge, La., TraceSecurity maintains offices in Dallas, TX; Portland, Ore.; Cupertino and San Diego, Calif., and Salt Lake City, UT. The company can be reached by phone at 877.275.3009 or on the Web http://www.tracesecurity.com/ .



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