PII in the Bitcoin World

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PII stands for personally identifiable information. Right now, I see and hear many people talking about just how easy it would be to take and use PII. That it would sell for cents in the dollar.

WELL, WHO CARES!

I mean, honestly, if all you do to manage the security of your finances is hide your head in the sand and leave trust to obscurity, then you deserve all that such an approach brings with it. I may seem uncaring and I may come across as cruel here, but really, it is a simple process to actually protect your information.

WHY?

The most commonly missed issue in security is WHY. We commonly fail to investigate the cause and need. PII is not about privacy, it is about stopping unauthorised applications and changes to your credit file. In other words, it is all about stopping people doing things such as applying for a credit card or a home loan in your name — the main issue involving a credit card.

As such, the issue is not whether a criminal can buy your information, but rather if they can steal money from you.

Read the full post here.