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Canajun Finances Home » Identity Theft: CSBs? (and Life is a Carnival)

Identity Theft: CSBs? (and Life is a Carnival)

So the following story on the CBC got me worried, and I guess I’ll need to check the CSB’s I have in my kids’ names to make sure they weren’t pilfered. You would have thought that Canada Savings Bonds would be a low-risk investment (with a very low payback), but when the government’s own system can be broken into, whose system is safe? Always watch those balance sheets you get telling you what you have (and check those credit card bills too, you never know). Identity theft CSBs are not three words I expected ever to see together.

Of course, it isn’t the government’s fault, is it:

The Bank of Canada outsourced all its data and support services to EDS Canada in 2001 and transferred 500 bank employees to the private company.

Amazing, so a private firm controls the security of a government asset? I don’t know it just seems wrong to me (but maybe it’s just me).

Other places my oddly crafted words can be found this week:

Remember it’s important to read many opinions out there to figure out what works for you financially.



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