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Combating Identity Theft
An anonymous reader writes "Net-Security is running an interesting article about some of the problems facing organizations when it comes to identity theft. From the article: 'Identity theft is the major security concern facing organizations today. Indeed, for the banking industry, it is the number one security priority for 2006. Identity security has developed beyond the simplest form of authentication where one party issues and verifies identities within a closed group of users. While easy to do, this approach is extremely hard and costly to scale upwards and offers no interoperability with other authentication networks.'"
There's really no point to fighting identity theft. If someone wants your identity, they'll take it.
--CowboyNeal
You mean AOL isn't going to keep me safe? The monkey isn't going to come out and wack baddies for me?
It's either on the beat or off the beat, it's that easy.
I moderate therefore I rule!
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**I** am Anonymous Coward, this ^^^ guy stole my nick. Don't believe a word he says!
Identity wants to be free. You could open source your ID and make it available to everyone, with the only stipulation being that any additions or alterations someone else makes will also be made available.
Who do you want to be today?
try { do() || do_not(); } catch (JediException err) { yoda(err); }
Dear Mr. DigitalDC,
My esteemed uncle, the Grand Vizier of the Carribean National Bank, Doctor Moroawe mBasse, has just passed away, leaving me, some property. I have a nice little island in the Carribean that I need to turn into cash immediately, and I will sell it to you for just $150.00 American. Just send me your bank account login information and Iwill send to you the title right away.
Regards,
Mr. Tamuk Nagalanucha
I prefer to think of it as identity sharing.
Unfortunately, that cost would just get passed on to the consumer.
What we need is legislation prohibiting passing costs on to the consumers. As long as you can pay your employees a living wage you don't need to be charging your customers any more. Profit margins in the credit industry are beyond obscene.
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Oh how I love those Equifax commercials that I've been hearing on the radio. You know, the ones where they'll only charge you a small monthly fee to send you an email whenever they allow your identity to be stolen.
Priceless.