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Watch out for identity theft cure-alls

Posted on Jan 27, 2006 by Tom Fragala

I read this headline on a press release today: “New Software Utility Makes Identity Theft Virtually Impossible.” Immediately red flags went up for me. Then I read the press release and went to the web site. (See links below).

First, no software can or ever will make identity theft impossible. Your sensitive data is stored on paper as well as electronically, in hundreds or even thousands of locations (i.e. rental applications, doctor’s offices). Second, the product they are touting is simply a utility for storing your passwords. There’s nothing new about that, I’ve used one of these utilities for years. And it’s hardly going to make identity theft virtually impossible. The utility is being sold by a company called BMC International and it is called PasswordMaster. The web site is a little disconcerting. BMC also sells (in their words, on their home page) “International Bulk Products and Electronics.”

Now, I have not down loaded their software and I have no proof that it is good or bad. It may be rock solid and very useful. But please be careful of whom you trust and where you store your sensitive personal data Here’s an excerpt from the release and a link.

Introduction of New security software for personal information storage.

Sicklerville, NJ, January 25, 2006 --(PR.COM)-- With Identity theft being such a growing problem on the Internet, there are still many good programmers that continue to search for methods to thwart intruders from invading our PCs in order to steal vital information.

Invented by a victim of identity theft, the program is easy to set up, takes up minimal space and can sit right on the desktop for quick access and unlike virus software, there is no need for updates.

New Software Utility Makes Identity Theft Virtually Impossible - PR.com.