Navigation Links
Credit Card Companies Accomplices in Millions of Identity Theft Cases Alleges Eric Drew
Date:10/22/2008

Absence of Verification Safeguards Allow Thieves to Steal

SAN FRANCISCO, Oct. 22 /PRNewswire/ -- Every year millions of Americans are the victims of identity theft, and in a lawsuit filed against major credit card companies, identity theft victim Eric Drew claims that the credit industry is facilitating the crimes. By attempting to maximize profits by fully automating their identity verification systems, credit card companies such as Bank of America, Citibank and Chase are knowingly fostering rampant fraud and forcing their customers to deal with the results of their irresponsible credit card issuing practices.

Criminals armed with only a few pieces of personal information such as an address and a social security number are able to fraudulently apply for credit cards under the victim's name. Currently there are no reliable identity verification systems in place to prevent thieves from receiving and using the cards. Identity theft losses totaled over $52 billion in 2002 and affected almost 10 million Americans.

"It's the worst customer service in America," said Drew, an identity theft victim in 2003. "These banks are intent on issuing as many cards as possible -- and forcing their legitimate customers to deal with a complicated mess to prove their innocence when fraud occurs."

In Drew's case, the theft was particularly heinous. While fighting for his life battling leukemia in a hospital, his identity was stolen by a hospital worker. Health Associated Identity Theft (referred to as a HAIT Crime) is difficult to fight because the victim must dispute fraudulent charges, contend with hostile collection practices, and attempt to repair damaged credit ratings from a hospital bed or convalescent home.

Drew is suing Citibank, Bank of America, Chase, Equifax, and Experian, claiming that they didn't verify application information, and is attempting to mandate that the credit industry verify an applicant's identity prior to issuing credit.

"Americans need to know that financial institutions are not only causing the identity theft problem, but are forcing us to clean up their mess," added Drew. "Even with all the other issues I'm dealing with, I decided I couldn't let this go on happening to others without a fight."

In addition to crusading against identity theft, Drew is dedicated to providing advocacy and education to seriously ill patients and their families. Learn more at http://www.drewfoundation.org


'/>"/>
SOURCE Eric Drew
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Colorado Medical School Receives Provisional Accreditation
2. UCSF animal care facility receives top accreditation
3. Mayo Clinic Multidisciplinary Simulation Center Receives Distinction as an ACS-Accredited Education Institute
4. Rohm and Haas to Webcast Presentation at Credit Suisse Chemicals Conference
5. ABIH Approves Certification Credit for SSPC Training Courses
6. Insulet Awarded National Accreditation for Excellence by Community Health Accreditation Program
7. Pennsylvania Trauma Systems Foundation Accreditation Status for Trauma Centers
8. URAC Announces First Companies to Earn New Pharmacy Benefit and Drug Therapy Management Accreditations
9. MedPage Today(R) Continuing Medical Education Activities Now Offer AAPA Credit for Physician Assistants
10. MannKind Announces New $350 Million Credit Facility
11. Cynthia Steedman Earns Health Care Fraud Investigator Accreditation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading ... to advocate for action towards gender equality at their inaugural Summit in New York ... globe, and reached a social audience of over 3 million. To watch the Mobilize ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... giving viewers the lowdown on sciatica in a new episode of "Success Files," ... on current events and innovation and investigates each subject in-depth with passion and ...
(Date:10/13/2017)... ... ... “America On The Brink”: the Christian history of the United States and the loss ... author, William Nowers. Captain Nowers and his wife, Millie, have six children, ten ... the Navy. Following his career as a naval aviator and carrier pilot, he ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... , ... The American College of Medical Informatics (ACMI) will present the 2017 ... Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium is ... pioneer in the field of medical informatics, this prestigious award is presented to an ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... 2017  BioPharmX Corporation (NYSE MKT: BPMX) researchers were ... innovative way to use nonlinear optical imaging to confirm ... drugs. A ... show how researchers from BioPharmX and the Wellman Center ... a suite of imaging techniques in what is called ...
(Date:10/10/2017)... COUNTY, Calif. , Oct. 10, 2017  NDS received FDA ... Mobile  — a medical-grade battery-powered display stand specifically designed for endoscopy ... to transform technology into a clinical solution to support the improvement ... Innovative Design ... ZeroWire Mobile Wireless Solution ...
(Date:10/4/2017)... SEOUL, South Korea , Oct. 4, 2017 /PRNewswire/ ... launched its next-generation CPR training aide "cprCUBE" on Kickstarter. ... of chest compression during cardiac arrests with better efficiency ... patient-mannequins. It also offers real-time feedback on efficacy of ... The crowdfunding campaign has a goal to raise ...
Breaking Medicine Technology: