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CSS partner TraceSecurity featured in IL.A. TimesI
LOS ANGELES (6/9/10)--The chief technology officer of a CUNA Strategic Service (CSS) provider, TraceSecurity, was featured Sunday in a Los Angeles Times article about protecting credit. Jim Stickley of the Louisiana-based risk management firm breaks into financial institutions and steals consumers’ private information as part of his daily job. Stickley, however, returns the information he obtains to the financial institution--along with a stern warning to the institution about protecting such information. TraceSecurity has been hired by more than 1,000 financial institutions to test security measures. Not one financial institution has able to prevent the intrusion, the newspaper said. After gaining access to the institution--sometimes posing as a pest control technician or electrician--Stickley said he proceeds to steal items such as backup tapes and other data. Sometimes, a financial institution employee will accompany him on his “job” while in the branch, but most often, the employee leaves him alone, giving him the opportunity to steal sensitive information. Because of potential security compromises, Stickley advised consumers to watch their accounts; look for warnings, such as a big spike in mail offering credit cards; check credit reports; and place a fraud alert on file if anything on an account appears suspicious.
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