So what happens when more than 50% of the US population has their semi-private data spilled out into the open?
We're get closer to a day when there will be collated a single text file with name, dob, address, SSN, ID#, and maybe ccn for hundreds of millions of people. It will just float around the net ready for use/abuse.
What happens? A quick move to biometrics? Ignore it and hope it goes stale?
Right now Chase keeps dubious stuff from happening by requiring text confirmation for all my "out of pattern" purchases but that's kind of clunky.
I would guess that the PII of close to 100% of anyone who has ever done business with any financial services or insurance company has been compromised. We have to get to a point where this information is just assumed to be public and not valid for identity purposes.
Two-factor would also help. Even if it's manual, expensive "CC vendor calls each cardholder who makes a large credit card transaction before clearing it" style efforts, which bankers at least understand.
We're get closer to a day when there will be collated a single text file with name, dob, address, SSN, ID#, and maybe ccn for hundreds of millions of people. It will just float around the net ready for use/abuse.
What happens? A quick move to biometrics? Ignore it and hope it goes stale?
Right now Chase keeps dubious stuff from happening by requiring text confirmation for all my "out of pattern" purchases but that's kind of clunky.