Let us discuss identity theft issue
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Posted on: 24-10-07 15:00:29
Quote:
Originally posted by hchheda
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
You are missing my point. I tried to stress on how the credit cards get activated and loans are sanctioned. Only in these two situations u need SIN,Signature and PIN. This is one time job which is currently done on phone today(I am surprised why such a big mistake is being made)
I never said that these documents will be needed while u use your credit card.
So, the method of using the credit card will remain unchanged and hence no loss of man hours. I never claimed how to protect you from using ur credit card on the internet(This is totally separate issue. I have solution for this also but bring it in near future)
My solution will protect you from the fact that no one can get a credit card or loan using identity of someone else. It will protect u 100% not 99%
Talking about the identity leak is useless. Every bank which issue u the credit card has all of your information which is u provide in clear form(Like name,ur job type,SIN etc. ). Even if there is leak in the information, that will be useless for anyone else.(Or show me the pattern how some else can misuse ur information and can exploit the system which is built based on my solution)
BTW, I tell you that hackers cannot break everything.
Quote:canadiandesi unearthed real GEM. With 100% protection, You should seriously present your case to authority.
Originally posted by web2000
My solution will protect you from the fact that no one can get a credit card or loan using identity of someone else. It will protect u 100% not 99%
Quote:I didnot read your Logic Completely. Don't mind - "Its not You, its Me"
Originally posted by web2000
BTW, I tell you that hackers cannot break everything.
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Mumbai Maazi Ladki ...
aS A TRUE GENIUS, HE SHUD NOT WASTE MORE TIME HERE IN cANADIAN dESI.....
Quote:
Originally posted by Maharaj
Quote:canadiandesi unearthed real GEM. With 100% protection, You should seriously present your case to authority.
Originally posted by web2000
My solution will protect you from the fact that no one can get a credit card or loan using identity of someone else. It will protect u 100% not 99%
Quote:I didnot read your Logic Completely. Don't mind - "Its not You, its Me"
Originally posted by web2000
BTW, I tell you that hackers cannot break everything.
Quote:
Originally posted by Maharaj
Quote:canadiandesi unearthed real GEM. With 100% protection, You should seriously present your case to authority.
Originally posted by web2000
My solution will protect you from the fact that no one can get a credit card or loan using identity of someone else. It will protect u 100% not 99%
Quote:I didnot read your Logic Completely. Don't mind - "Its not You, its Me"
Originally posted by web2000
BTW, I tell you that hackers cannot break everything.
On what basis u r commenting if u did not read the thread completely?
Well, I don't mind even if you treat my solution like a joke. Either you have hard time understanding it(You picked a right 'Avatar') or you don't want to.
My main concern to put my ideas was to get input from smart people who honestly can pin point the flaw.
90% of the people even don't know how to define an identity of a person.
Quote:
Originally posted by Warrior
aS A TRUE GENIUS, HE SHUD NOT WASTE MORE TIME HERE IN cANADIAN dESI.....
Quote:
Originally posted by Maharaj
Quote:canadiandesi unearthed real GEM. With 100% protection, You should seriously present your case to authority.
Originally posted by web2000
My solution will protect you from the fact that no one can get a credit card or loan using identity of someone else. It will protect u 100% not 99%
Quote:I didnot read your Logic Completely. Don't mind - "Its not You, its Me"
Originally posted by web2000
BTW, I tell you that hackers cannot break everything.
I do not waste my time. I learn a lot from the discussion. I learnt a lot from this thread. This showed me where I stand with rest of the people.
Hmmm .... so you mean if you are a GENIUS, you should not be on this forum. Everyone else on this forum is dumb?? Please talk about yourself, do not represent others. I am for sure open to productive discussions like this one. There is not right or wrong solution, this is what we call brainstorming in technical terms. Because somewhere down the road in 20 years, if someone does come up with such a solution, I can say, our fellow CD came up with something like this.
Having said that, web2000, I do agree with the last poster in that link. He/She has mentioned that there is a difference in developed and developing countries, and how this would be not such a feasible solution. If we could have an instant method or something??
Quote:
Originally posted by Warrior
aS A TRUE GENIUS, HE SHUD NOT WASTE MORE TIME HERE IN cANADIAN dESI.....
Quote:
Originally posted by web2000
On what basis u r commenting if u did not read the thread completely?
Well, I don't mind even if you treat my solution like a joke. Either you have hard time understanding it(You picked a right 'Avatar') or you don't want to.
My main concern to put my ideas was to get input from smart people who honestly can pin point the flaw.
90% of the people even don't know how to define an identity of a person.
I won't talk for others - but I am not one of those Smart people around you. "Its not You, Its Me". Don't deter from your Path. You'll find right ears & eyes.
I didn't have a say in the way current system is running. I don't have a choice but to accept it, understand it and protect myself.
Your system has flaws but I am out of it when you say it is 100% and Hackers cannot break everything. But that does not mean that you drop your ideas - keep pursuing it. People did laugh at Newtons also but everybody now knows what he did & what he meant.
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