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Identity Theft News
FTC To Host Identity Authentication Workshop
On April 23 and 24, 2007, the Federal Trade Commission will host a public workshop, “Proof Positive: New Directions in ID Authentication,” to explore methods to reduce identity theft through enhanced authentication. The workshop will facilitate a discussion among public-sector, private-sector, and consumer representatives, and will focus on technological and policy requirements for developing better authentication processes, including the incorporation of privacy standards and consideration of consumer usability issues.
The agency is seeking public comments in planning the agenda for the workshop, and is inviting parties interested in participating as panelists to notify the agency. The agency invites comments on ways to improve authentication processes to reduce identity theft, including, but not limited to, comments on the following:
How can individuals prove their identities when establishing them in the first place?
What are some current or emerging authentication technologies or methods – for example biometrics, public key infrastructure, and knowledge-based authentication – and what are their strengths and weaknesses?
To what extent do these technologies meet consumer needs, such as ease of use, and to what extent do they raise privacy concerns? Read more at ftc.gov.
Definition:
Credit worthiness predicts how likely you are to pay back a loan based on your past credit history.
Database fraud
Definition:
Hackers will easily find their way to any personal information stored on computer or marketing databases. Keep financial information off any marketing and billing databases.
Skimming
Definition:
Skimming in known as the method of using a information storage device when processing credit or debit cards in order to obtain the card number and then use it fraudulently.
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