Feeds

Fight fraud not ID theft

Crypto guru berates industry for getting it wrong

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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

Internet Security Threat Report 2014

More from The Register

next story
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.