Avivah Litan Quotations

Of course, the data brokers themselves should be regulated to ensure that their activities are for warranted and legitimate purposes and so that data is carefully and responsibly disseminated.

I would say it's probably the cause of 70 percent of (cash machine card) fraud.

The absolute worst piece of information that can get out is your Social Security number.

The only reason they don't check these things is because they forgot about it. Really, I'm furious.

But rather that just focus on the data brokers, the federal regulators also need to probe the security practices of the phone carriers themselves. The root of the problem is at the source -- with the phone carriers.

The government initiative gives a clear and loud wake-up call to a procrastinating U.S. banking industry that has not moved beyond relying on single-factor reusable password authentication.

Biometrics is certainly the most secure form of authentication. It's the hardest to imitate and duplicate.

Biometrics is certainly the most secure form of authentication, ... It's the hardest to imitate and duplicate.

They are an agile company, and they have made a decision that they are not going to provide top-notch service to anyone who is not a business-class customer.

The whole system is pretty rotten from start to finish and they really need to tighten up. There's very loose access control over who can get credit reports.

These concerns won't stop online commerce. It will just slow it.

Protecting customer data is much less expensive than dealing with a security breach in which records are exposed and potentially misused.

This is the absolute worst hack that has happened, the biggest scam to date.

This gives customers direct access to information already available to companies.

There will be more security holes. In the end, it increases the risks not decreases them.

It's not negligence. It's just kind of being asleep at the wheel when business is running smoothly, and then you get hit.

(It's possible) that a manager of a store has no clue they are doing it. The information can be buried in old software.

Consumers are being targeted directly, while their personal data is being attacked on corporate servers. It's a 360-degree threat.

It's much more convenient than anything else available to consumers,

In the past, everything was much more traceable. Now you can open 10,000 (bogus) accounts in the time it used to take to open one, all in a faceless Internet.

I don't like to be this positive, but I genuinely think E-Trade is doing something very good here. I think they've been targeted to a degree because they've made it easy for people to open brokerage accounts, but they're not conservative. They really are innovative in security.

For the criminal, this is the pot of gold.

The free credit report thing is basically a farce. It only tells you very specific information about your situation at a point in time.