Comments on: Retailers Should Tell Customers About Security Breaches When They Happen http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/ Entrepreneurship, Startup Companies and Business Philosophy Thu, 18 Mar 2010 15:12:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Marsram http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-8382 Marsram Sat, 06 Sep 2008 00:40:02 +0000 http://www.businesspundit.com/?p=4483#comment-8382 Robert, you're not the only one who has misspelled words. I just reread my document, and realized my clerical errors. Oh, well, you all got the message, I hope? Lots of Love. Robert, you’re not the only one who has misspelled words. I just reread my document, and realized my clerical errors. Oh, well, you all got the message, I hope? Lots of Love.

]]> By: Marsram http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-8381 Marsram Sat, 06 Sep 2008 00:28:34 +0000 http://www.businesspundit.com/?p=4483#comment-8381 Oh, and God Bless America! Oh, and God Bless America!

]]> By: Marsram http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-8380 Marsram Sat, 06 Sep 2008 00:27:17 +0000 http://www.businesspundit.com/?p=4483#comment-8380 Misspelled, legal in above response. There once was a time, if you bought the darned thing, the darned thing is yours! Now... sign this product agreement, you're only leasing this, and that. Don't do this with this product and don't do that, meanwhile, oh, oh, your ID has been stolen... but... not sorry we didn't tell you, because then you would have lost confidence in US and our stocks would have fallen, and we would have to give up some of the cavier. There was a time when you'd call a company, and they had better answer in three rings, or watch out! Now... they put you on with a computer and musak for forty minutes, while your whole household is probably being monitored by your telephone on hold. Lol. Peace to all. Misspelled, legal in above response. There once was a time, if you bought the darned thing, the darned thing is yours! Now… sign this product agreement, you’re only leasing this, and that. Don’t do this with this product and don’t do that, meanwhile, oh, oh, your ID has been stolen… but… not sorry we didn’t tell you, because then you would have lost confidence in US and our stocks would have fallen, and we would have to give up some of the cavier. There was a time when you’d call a company, and they had better answer in three rings, or watch out! Now… they put you on with a computer and musak for forty minutes, while your whole household is probably being monitored by your telephone on hold. Lol. Peace to all.

]]> By: Marsram http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-8379 Marsram Sat, 06 Sep 2008 00:16:05 +0000 http://www.businesspundit.com/?p=4483#comment-8379 First of all, these companies have a legasl obligation to inform all investors (stocks and otherwise) and customers (product/services buying inverstors) if security has been breached. What if officials didn't tell residents about Hurricane Katrina? Those officials would not have a JOB. What if a company collapses and identities have been stolen and know one knows it, until some terrorists have boughten our spaten? JUst watch some of the b-cheap disaster movies of the 70's, and see what might happen when you don't tell anyone, while they party, that you cut corners on the 80 story building you were contracted for in the heart of downtown Los Angeles. Oh, oh. Can anyone sing, "We may never love like this again"? Identity theft is a huge problem, being the dark side of our internet. If a company is given leeway to not inform its public, then they will be held accountable, as all contractual accountability has been breached by what is termed as, 'breach of communications', which leads to abuses of all kinds. Meanwhile, all investors (customers (even potential) included) have the right to know, merely, though not confined, for the sake of their own personal protection. Any company that supercedes this is doing so out of line of corporate (DBA's, etc.) code of ethics. While we are suffering because of too many corporation scandals already, why should we tolerate this damaging reality, when we have paid for what has been rightfully ours along, being our indentity. First of all, these companies have a legasl obligation to inform all investors (stocks and otherwise) and customers (product/services buying inverstors) if security has been breached. What if officials didn’t tell residents about Hurricane Katrina? Those officials would not have a JOB. What if a company collapses and identities have been stolen and know one knows it, until some terrorists have boughten our spaten? JUst watch some of the b-cheap disaster movies of the 70’s, and see what might happen when you don’t tell anyone, while they party, that you cut corners on the 80 story building you were contracted for in the heart of downtown Los Angeles. Oh, oh. Can anyone sing, “We may never love like this again”?

Identity theft is a huge problem, being the dark side of our internet. If a company is given leeway to not inform its public, then they will be held accountable, as all contractual accountability has been breached by what is termed as, ‘breach of communications’, which leads to abuses of all kinds. Meanwhile, all investors (customers (even potential) included) have the right to know, merely, though not confined, for the sake of their own personal protection. Any company that supercedes this is doing so out of line of corporate (DBA’s, etc.) code of ethics.

While we are suffering because of too many corporation scandals already, why should we tolerate this damaging reality, when we have paid for what has been rightfully ours along, being our indentity.

]]> By: Robert Barr http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-7945 Robert Barr Mon, 11 Aug 2008 18:48:07 +0000 http://www.businesspundit.com/?p=4483#comment-7945 Drea, You guys really have to activate editing :) I go back and read my posts and I look and sound like a lunatic! Not to mention my rants don't lend themselves to spell checking and proper word use! Robert Drea,

You guys really have to activate editing :) I go back and read my posts and I look and sound like a lunatic! Not to mention my rants don’t lend themselves to spell checking and proper word use!

Robert

]]> By: Drea http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-7944 Drea Mon, 11 Aug 2008 17:53:00 +0000 http://www.businesspundit.com/?p=4483#comment-7944 Dan, I think that you can get together with a bunch of other consumers and build a lawsuit--after all, the Feds have proof of the theft. If the retailers didn't tell you, you could also send them a letter or call and complain, which might get you a gift card, who knows... Dan, I think that you can get together with a bunch of other consumers and build a lawsuit–after all, the Feds have proof of the theft. If the retailers didn’t tell you, you could also send them a letter or call and complain, which might get you a gift card, who knows…

]]> By: Robert Barr http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-7941 Robert Barr Mon, 11 Aug 2008 17:26:25 +0000 http://www.businesspundit.com/?p=4483#comment-7941 “Telling the public that they’ve been breached is embarrassing for them, it makes them suffer a loss of goodwill and in the case of public companies, the stock price goes down.” How the $%#&@ is there not legislation requiring a company to reach out to their customers within a specified time frame letting them know their personal data may have been stolen? Am I over-reacting? I don't know. But let's move the risk away from something non-threatening such as identity theft and stroll down the road of stalking, or rape, or murder. Could you imagine the culpability a company would have if there was a murder caused by a someone who received stolen information from a company that didn't inform it's customers about the breach? Seems far fetched right? Well, I am not a lawyer, but I wouldn't want this case. “Telling the public that they’ve been breached is embarrassing for them, it makes them suffer a loss of goodwill and in the case of public companies, the stock price goes down.”

How the $%#&@ is there not legislation requiring a company to reach out to their customers within a specified time frame letting them know their personal data may have been stolen?

Am I over-reacting? I don’t know. But let’s move the risk away from something non-threatening such as identity theft and stroll down the road of stalking, or rape, or murder.

Could you imagine the culpability a company would have if there was a murder caused by a someone who received stolen information from a company that didn’t inform it’s customers about the breach? Seems far fetched right? Well, I am not a lawyer, but I wouldn’t want this case.

]]> By: Dan http://www.businesspundit.com/retailers-should-tell-customers-about-security-breaches-when-they-happen/comment-page-1/#comment-7940 Dan Mon, 11 Aug 2008 15:48:01 +0000 http://www.businesspundit.com/?p=4483#comment-7940 Are you supposed to do anything if you shopped at any of those retailers within the last year? Are you supposed to do anything if you shopped at any of those retailers within the last year?

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