For the life of me I cannot figure out why this would even be considered. According to KPRC Channel 2 Washington Mutual is outsourcing the storage of banking records, including account numbers, social security numbers, drivers license numbers, to a Juarez, Mexico storage facility. Copyrights won’t allow me to post the story but go here to read the whole thing.
Ciudad Juarez is probably the most crime-ridden city in Mexico. Why on earth a bank would do this is beyond me.
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It’s cheap.
It’s stored there so that they can steal your identity and have a way to get into this country, legally with fake ID’s.
If my personal banking gets to Mexico. Mejico will have to file a chapter 13 bankruptsee, baankruptcee, bankruptbroke, Bankruptcy is so hard to spell.
Hamous,
Many banks and corporations use overseas out sourced accounting and data management services.
I surprised that WaMu stayed so close when labor is so much cheaper in India.
You should really read Thomas Freidman’s “The World is Flat”.
Simple
If this were Canada would you be concerned?
/beating BJ and TexPat to the punch
GJT
Only if it was Montreal.
Quit interrupting me, I’m reading Freidman.
Simple, not sure what Friedman has to do with this issue. They would be hard-pressed to find a less safe city in the western hemisphere than Juarez. Add to that, privacy laws in Mexico are pretty much non-existent. I don’t care how flat the earth is, its a dumb move.
And to answer the GoodJollyPat question, if it was in a Canadian city as lawless as Juarez, yes I would be
Answering No. 5…. Oui!
hamous
You tell me. Ineptitude?
Well heck, at least it ain’t our criminals in jail having this information anymore. We nipped that in the butt, when we found out about that./bud is so….so…(?)
Friedman’s Flat Earth book is a hack piece cobbled together with other people’s ideas. There is not an original thought in the book. Yawn…
Let’s ask the “bankers pen” what they think about it. USAA all the way!
They are just cutting out the middle man.
Wouldn’t be that big bank from Atlanta, oh no, it’s a bank from the state of W A S H I N G T O N; priceless.
I nor any member of my family has ever banked at Washington Mutual and whatever it was prior to that time. However, I am wondering if any other banks have done the same…outsourced storage to another country?
Vlou: This outsourcing has been going on for a while. It doesn’t include just storing the information and is not just about Juarez. I remember the 1st time that I heard about it was on the news, about our criminals being able to outsource our information. There was an outrage! I am always cautious about my personal information being given away now.
If I go to a Dr.or etc., fill out any form that requires it, I just give a bogus one because I can’t trust them to protect it and not find it in the dumpster. Always flew. Never tried it on a bank, but may, next time.
Ron Paul wouldn’t outsource your personal information. (sorry… couldn’t resist in light of the shrimp)