Sum It Up Nicely!!
''I'm concerned that many of the countries in which our financial data are now being moved to don't have the same protections as the US' GLBA (I'm sure the UK and EU have similar measures).''
This is the problem with outsourced centers we dont have the same financial protection therefore we are stuffed if this type of thing happens and the wrong person gets a hold of our data...
''About 3 years ago, an Indian worker at a data processing call center stole personal information on about 20,000 people and sold it to a data miner. The only charge they could come up with was theft of company property, since he used one of their CD's.''
There isnt much deterrent if this is all that happened, I think the only way we can object to companies looking at the cheap option of cheap labour in a country where laws are so different is to put our foot down as consumers and say enough is enough, If a company chooses to do this we vote with our feet and go somewhere our information will be safe, and we have the laws that protect such information which deters people stealing it and selling it on!!!!