Bruce Schneier's op-ed on CNet about identity theft talks about why "two-factor" authentication (e.g. having to enter a password and a number that you read off of a little keychain fob) is useful for lots of things, but not for preventing identity theft. He goes on to explain how to practically solve identity theft through new liability measures:
Criminals impersonate legitimate users to financial intuitions. That means that any solution can't involve the account holders. That leaves only one reasonable answer: Financial intuitions need to be liable for fraudulent transactions.
They need to be liable for sending erroneous information to credit bureaus based on fraudulent transactions. They can't say that the user must keep his password secure or his machine virus-free. They can't require the user to monitor his accounts for fraudulent activity, or his credit reports for fraudulently obtained credit cards.
Those aren't reasonable requirements for most users. The bank must be made responsible, regardless of what the user does.
If you think this won't work, look at credit cards. Credit card companies are liable for all but the first $50 of fraudulent transactions. They're not hurting for business; and they're not drowning in fraud, either. They've developed and fielded an array of security technologies designed to detect and prevent fraudulent transactions. And they've pushed most of the actual costs onto the merchants.
I asked Amy Parness, the co-founder of Sparkle Labs, maker of fantastic educational electronics kits, to write a Medium post about gender and the business of being a maker business person. Her terrific essay calls out the problems with “pink girly engineering kits.” From Medium:
Zero UI is the new term for “invisible interfaces”—what happens in the future when all the clicking and tapping and typing is history: “If you look at the history of computing, starting with the jacquard loom in 1801, humans have always had to interact with machines in a really abstract, complex way.” [Fast Company]
Watching Netflix, Hulu or other streaming services can unfortunately be difficult while traveling outside the US. Rather than bypass these restrictions with the help of a complex and slow VPN, choose a faster and simpler solution with Getflix. Instead of rerouting all your Internet traffic through a different server, this handy service only routes the […]
Shake, stir, and muddle your way to delicious homemade cocktails with this must-have bar set. Expect only the finest quality tools from MakersKit — enabling you to unleash your inner mixologist.Top 12 Favorite Things of 2014, Sunset MagazineQuart-size vintage-style Mason jar shakerRetro double jigger for accurate measurementsStrainer & spouts for a mixologist-style smooth pourHardwood muddler […]
The Lytro Illum dares to be different, boasting even more robust features than its first generation predecessor and a sleek design reminiscent of professional DSLRs. What’s so cool about it? Most cameras capture the position of light rays, producing a statoc 2D image.