Wednesday, December 12, 2007

Why Rob a Bank?

Because that is where the money is.

95% of all identity fraud is perpetrated against corporates. Chances your identity is safe as long as you don't pass it on to anyone. It is only in danger once you tell the bank.

By far the majority of all costs incurred as a result of identity fraud is born by commercial institutions.

Catch 22.

If you take control of you own identity using the growing ecosystem of identity federation technologies, are you also prepared to bare the cost when you give it to the wrong person? When you hand your credit card over to the waitress and she walks off with it while you stare at her arse, does anyone consider she might be off to double swipe your card? Nope.

Are Bandit, Cardspace, OpenID and the like drive by what consumers want, or by very smart technicians trying to find a home for an idea?

4 comments:

Gavin Knight said...

hi Michele.
interesting post.
not sure if I should be worried or not!
I've started migrating to OpenID for personal use having heard of it on the Security Now podcast (http://twit.tv/sn or http://www.grc.com/securitynow.htm).
are you just trying to provoke a technical discussion?
or, a real world discussion for the rest of us?
Gavin.

Gavin Knight said...

ps, love the definition of "guidos" http://en.wikipedia.org/wiki/Guido_%28slang%29

Slowblink said...

Hi Gavin.
Guido is the term my closest friends used to refer to me because in their opinion, michele (muh-kay-lee) didn't sound italian enough!
The wikipedia definition is pure coincidence.

I am interested in seeing how people feel about not only protecting their identity, but actually taking ownership of their online identity. Do we actually want it? Is the current state good enough?

The motivation for this is that I am have been pondering rolling this out to the customers. Would they use it? Dunno. But it would be fun to build

Gavin Knight said...

would be good to chat about this and catchup over a coffee, phone me 049135800