12:35 PM

Who's Watching Whom?

Federal legislators mulling options for fighting identify theft and fraud got another reason to act last week when TransUnion LLC revealed that a password-protected PC containing personal-credit information on more than 3,600 consumers was stolen. It's the latest in a string of compromised data incidents that have hit companies such as Bank of America, CardSystems Solutions, ChoicePoint, Citigroup, and HSBC North America. The credit-monitoring company promptly notified consumers and offered free monitoring of credit reports for a year. That's called closing the barn door after the horse has escaped.

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