Heads up! In their next move toward assuming global control of digital financial systems, debt merchant Mastercard and monopolistic software vendor Microsoft have announced they are teaming up to help us all manage all our bank account logins and other online passwords by adding an extra service to their product lines: identity verification.
In a press release dated December 3, 2018, the two corporate giants revealed their “strategic collaboration to improve how people manage and use their digital identity.”
This sounds innocent enough on the surface, but already we know these two money-hungry companies are taking a long view of their opinion as to how the rest of us handle our online accounts.
Today, if you want to check your bank account balance from your computer or mobile device, you navigate to the login screen and enter your user id and password to gain entry to the protected site.
The site is password-protected because it stores enough of your personal information – name, address, phone numbers, email address, date of birth, social security number, and perhaps even family members – to create a fake you. That’s why creating a password that is complex (a mix of upper- and lowercase letters, numbers, and symbols) and hard to guess is so important.
Identify theft is rampant these days, according to LifeLock. In 2017, 16.7 million people felt the sting of identity theft. A total of $16.8 BILLION (with a ‘B’) was stolen.