Steve was a victim of identity theft after applying for a home loan online. Leo says that all it really takes to steal your identity is your date of birth and social security number. What can he do? Lifelock is one solution. Leo says it's very frustrating and the credit reporting agencies aren't sympathetic at all. He could pay them a monthly fee, sure. Leo also says there's so much ID theft that police are drastically undermanned and just can't keep up.
"One Card to Rule them all, One Card to Charge them. One Card to Bring them all, and in debt bind them." That's the idea of Coin, a one size fits all digital credit card that can be programmable for all cards, and can switch between them as users use it. Leo says the marketing has been fantastic with it, but he wonders how secure Coin will really be. And will merchants buy into this idea?