Posts tagged "Sileo"
I’ve had dozens of media requests for interviews and countless more email inquiries from people concerned about the Target data breach. At first, everyone just wanted to know details of how it happened, how big the breach was, and what they should do about it if their credit cards were at risk. Now that the initial shock of it is over, we are on to a bigger question:
How do we keep breach from negatively affecting so many Americans?
Breach will always happen. If it’s digital, it’s hackable. It’s coming to light that the Target breach may have been due to the computer access an HVAC WORKER (no, not an entire company, an individual WORKER) had to Target’s systems. While there is no guaranteed way of preventing fraud, there is a pretty reliable answer out there, and it’s been around for decades. That answer is for the US to finally catch up to more than 80 countries around the world and start using chip and PIN enabled credit cards, also known as EMV, smart cards, or microchip cards.
Biometrics are like passwords, but worse.
Biometrics are like passwords that you leave everywhere (fingerprints, facial recognition, voice patterns), except that unlike passwords, you can’t change them when they’re lost or stolen. It’s easy to change your password, a bit harder to get a new retina. Like passwords, risk goes up as they are stored globally (in the cloud) versus locally (on a physical device).
In addition to the biometrics mentioned above that most of us have come to accept as commonplace, there are many other methods in use or under exploration:
- hand geometry
- vascular pattern recognition (analyzing vein patterns)
- iris scans
- signature geometry (not just the look of the signature, but the pen pressure, signature speed, etc.)
- gait analysis
- heartbeat signatures
Watch Tech Geek Curtis Nasalbaum’s Response from the Leonard Nimoy Cruise
Every year, several of my keynote speeches are to ultra-high-wealth audiences. Because they have a lot of net worth to protect, their incentive to prevent identity theft and online fraud is on steroids. But for the average family with a normal amount of wealth, the incentive is just as important, because their wealth (albeit smaller), is just as vital to their lifestyle as it is to the wealthy.
And this isn’t just about wealth. All of us want to be able to keep hackers out of our private and often valuable online accounts, including: Gmail, Facebook, Dropbox, Twitter, Hotmail, Yahoo, banks, investment companies and all types of sensitive communications.
The answer, regardless of your wealth, is two-factor authentication (which is way too complicated a term for such a simple concept – I think the IT department named it that to ensure their job security). Two-factor authentication is also referred to as multi-factor authentication, two-step verification, 2FA and security tokens, none of which you need remember.
I got my start as an identity theft speaker. I write and speak on the importance of being vigilant about protecting yourself from identity theft and online fraud from many angles: the stress of trying to reestablish your credibility, rebuilding relationships, regaining control of your personal information, perhaps even fighting to stay out of jail as I had to do. So while I’m an identity theft speaker, my motivation is always completely human. We as humans make flawed decisions about how we fail to prepare for things like identity theft. We as humans are the ones that make the difference in fighting this crime. As it turns out, our wealth is at risk.
Snapchat Hacked! Is there any sense of wonder left when another Internet giant (or any corporation, for that matter) gets hacked and loses your private information? No, the mystery died years ago, which is why we’ve basically forgotten about Target already. Of course Snapchat.com was hacked. Here’s the recipe for how your corporation can be like theirs:
- Collect a ga-gillion pieces of user data all while…
- Paying lip service to privacy and security measures until…
- Your database is hacked, the press circles & customers revolt while…
- You pay expensive recovery costs and belatedly decide to…
- Implement security & privacy measures that could’ve saved you a ga-gillion.
Breach Happens, no matter how big or how small you are. But breach destroys only when you are unprepared. When it comes to privacy, the most effective medicine is getting burned. Snapchat is lucky to have experienced it early in their lifetime. When will you get hacked? Will it disappear in 11 seconds…