Slinging your credit card information all over the web may be the norm when you’re online shopping, but playing fast and loose with those precious numbers is just begging for identity theft to happen. A new company dubbed Privacy.com thinks it has a solution to the problem. Instead of handing out your actual debit and credit card numbers, Privacy.com lets you create “virtual” debit cards that are locked for use with a single vendor, or “burner” cards that are valid only for one-time use. If no one has your actual credit card, the thinking goes, then your credentials are safe from the next major database breach or the one after that. That basic idea has already gained interest from investors. The company announced in October that it had raised $1.2 million from investors, including Jim Messina, former White House deputy chief of staff and main driver of President Obama’s 2012 re-election campaign. And the company’s founders include Andy Roth, the former chief privacy officer for American Express. Source: PC World |