Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing Access Your Profit Alerts

The Cybersecurity Play That Doubled Once – Will Double Again

Not long ago, a relative of mine was the victim of identity theft. And I have to tell you that I really felt for the entire family.

The thief ran up nearly $20,000 in charges, opened new accounts and tried to open others.

And I can tell you that the frustrations over the losses (most of which ended up being covered) were dwarfed by the helplessness that came whenever new charges showed up - and the worry that was spawned by never finding out how the whole mess started.

As we watch the headlines about data breaches and cybercrime - and watch as the violations move closer and closer to home - those worries only escalate.

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK