Feeds

Fight fraud not ID theft

Crypto guru berates industry for getting it wrong

  • alert
  • submit to reddit

The essential guide to IT transformation

ID theft is a misnomer which is hurting the fight against fraud, according to encryption guru Bruce Schneier. Instead of talking about ID theft it's better to talk about fraud due to impersonation, he claimed.

The crime exists because identifying information about a person is easy to steal and valuable once it is stolen. Schneier said that rather than focusing on making identity harder to steal it makes more sense to make information harder to use for criminal purposes. "The industry is going the wrong way in the US by worrying about keeping identity details secret. The focus should be on fraud. European countries, such as Holland [The Netherlands], are doing better than the US," he said.

Schneier made his comments during a press conference at the Infosecurity Europe trade show in London on Tuesday. Identity and access management, along with the fight against spyware, were key themes of this year's show.

Tim Pickard, area VP international marketing of RSA Security, said firms need to move from a network centric approach to security towards implementing technologies that defined how an individual was allowed to use systems. Half (50 out of 100) IT directors quizzed in an RSA-sponsored survey cited identity theft, poor internal IT security practices, lost and stolen passwords and unauthorised access to data as the security issues of concern. Each of these potential threats can be addressed from a cohesive identity management strategy but firms often fall into the trap of implementing a piecemeal approach that may prove to be more expensive in the long term, according to Pickard.

RSA's survey found users tend to buy products on a tactical basis, rather than as part of a coherent strategy. Almost half (48 per cent) of respondents cited single sign-on as the most fully implemented element, with directory management second, web services third and strong authentication fourth. For 83 per cent of IT Directors, increased data security was viewed as a key driver for deploying an identity and access management solution, with 74 per cent citing regulatory compliance as an important goal. ®

Related stories

US regulators take action over ID theft
ID theft is inescapable
ID scheme will be a costly, dangerous failure, says LSE report
Banks 'wasting millions' on two-factor authentication

5 things you didn’t know about cloud backup

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
KER-CHING! CryptoWall ransomware scam rakes in $1 MEEELLION
Anatomy of the net's most destructive ransomware threat
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.