Let us discuss identity theft issue
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Posted on: 22-10-07 12:48:21
Quote:
Originally posted by web2000
Anybody who is interested can read the solution at the following link:
http://forum.khrido.com/cm-q225p0/fear-of-identity-theft-can-it-be-prevented-.aspx
Has the article been removed?
I just see a discussion thread - where is the actual article?
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by web2000
So before you comment, please make the point very clear.
I see your Logic but what;s the Point? Where exactly do you wanna go with your solution?
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Mumbai Maazi Ladki ...
Quote:
Originally posted by web2000
How did you realize that it is too cumbersome? It is not cumbersome from user's perspective(Except for lazy people) and at least 1000s times less painful which the person would experience once his/her identity is stolen. I added an extra security measures on top of what we have in debit cards and PR cards. How often you apply for the loan/credit cards? I remember that I got my last credit card 3 years before.
You say that adding a photograph and asking for the signature to authenticate a person is too cumbersome then there is no need to ask for the rest of the information. Just have faith on the person and grant the loan.
Look back and see why the govt has changed to issue PR card instead of just a piece of paper which we used to have.
I don't understand what u mean by 'manage this and pay for it'. Information of the person is already stored somewhere and being managed. There is no extra effort to be put in to store just the signature and photograph.
Please prove it logically and show me the exact point in my solution where u see the cost will be more than the loss which we have every year (Billion dollars..) due to identity theft.
I guarantee that once this solution is implemented( I hope that it will be implemented in future. We people never realize the problem once it surpasses its limits), it will totally stop the identity theft. Even if u hand over your information to someone, you will never face any kind of financial loss.
So before you comment, please make the point very clear.
With due respect to your efforts to address this problem, the basic stumbling block it to have ALL the Identity information stored in ONE SECURE location..now the whole world is still struggling to find a fool proof 'secure' location which is and cannot be compromised in the foreseeable future. The whole issue with security comes from the fact that hackers are as intelligent and imaginative as the security providers, if not more. Why do you have a daily update from most AV or spam or firewall companies? Because they have been found thier products vulnerable to attacks...
Also, logistically it will require all institutions that issue credit cards to have access to the Identity information...that is another source of leak.
What about those establishments who accept credit cards? He will have to swipe the CC, the SIN card, sign AND PIN...dont you think this is more cumbersome? Remember we use CC the most frequent..so even 1 second delay in completing the transaction, means millions of man hours lost, everyday.
How will this help in ONLINE shopping?
IMO, the cost of CC misuse is minimal to a regular customer - since most the time it is covered by the issuer. Those who do not care to glance thier CC statements regularly - I believe are worth the loss for carelessness.
The major issue is misuse in RE transactions - where I believe the buyer AND seller must be called to the local registration office, with witness (for eg. the lawyer or RE agent) and photographed alongwith the document. I am sure this will cut the losses by atleast 99% if not more....
BTW, surely applaud your efforts to address this serious issue, seriously. I am not criticizing your efforts, but only discussing the possible implications/shortcomings.
Pratick, his solution is part of the discussion on page 4.
Maharaj, it is possible, someone will take note of his solution and implement, if technically, logistically and practically possible.
Hiren
Quote:
Originally posted by hchheda
Maharaj, it is possible, someone will take note of his solution and implement, if technically, logistically and practically possible.
Hiren
Hmmm ... 'technically, logistically & practically' ... Eggzately
The complete information is at one location, which is the Root of Problem.
Hackers are generally one step ahead in Market. Challange them & they'll break it. No mater what - Nothing is FoolProof. I have lived on that of the side of the Fence for 'Fun' part of it. Believe me, besides technical numbers (IP/Ports), there are so many other loopholes which can easily be compromised.
I didn't call it solutions - I just called it Logic. To come to Solutions, one got to listen & read and make necessary changes.
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Mumbai Maazi Ladki ...
Answer only once question.
"Can hacker steal my appearance and my signature and duplicate them. If so then nothing can be done"?
You are looking only one part of my solution. Please read it completely before answering it.
Quote:
Originally posted by Maharaj
Quote:
Originally posted by hchheda
Maharaj, it is possible, someone will take note of his solution and implement, if technically, logistically and practically possible.
Hiren
Hmmm ... 'technically, logistically & practically' ... Eggzately
The complete information is at one location, which is the Root of Problem.
Hackers are generally one step ahead in Market. Challange them & they'll break it. No mater what - Nothing is FoolProof. I have lived on that of the side of the Fence for 'Fun' part of it. Believe me, besides technical numbers (IP/Ports), there are so many other loopholes which can easily be compromised.
I didn't call it solutions - I just called it Logic. To come to Solutions, one got to listen & read and make necessary changes.
Please read the thread completely.
Quote:
Originally posted by pratickm
Quote:
Originally posted by web2000
Anybody who is interested can read the solution at the following link:
http://forum.khrido.com/cm-q225p0/fear-of-identity-theft-can-it-be-prevented-.aspx
Has the article been removed?
I just see a discussion thread - where is the actual article?
Quote:
Originally posted by web2000
Answer only once question.
"Can hacker steal my appearance and my signature and duplicate them. If so then nothing can be done"?
You are looking only one part of my solution. Please read it completely before answering it.
This is what I understood -
- You have Five or Six point Security checks.
- Stored at central Location
- Everybody who needs, will come through Legit access & check
Is this true? If this is true, I'll come back later in afternoon with lil longer reply.
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Mumbai Maazi Ladki ...
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