White House Addresses Internet Fraud

Sue Marquette Poremba

Fraud is one of the biggest threats to information security and identity preservation, and 2010 showed it to be a problem on the rise.

 

But could there be some relief on the way?

 

The White House has taken another step in its efforts to address cybersecurity and related issues. The latest announcement is an Internet identity system that is designed to limit fraud, streamline online transactions and (hopefully) increase Web commerce. An article in Bloomberg Businessweek reported:

Most companies have separate systems for signing on to e-mail accounts or conducting secure online transactions, requiring that users memorize multiple passwords and repeat steps. Under the new program, consumers would sign in just once and be able to move among other websites, eliminating the inconvenience that causes consumers to drop many transactions.

The program has support from some major cyber players, like Google, Verizon, Symantec and AT&T, and it will be run by the Department of Commerce. Is the administration on to something here? Even skeptics of Obama's other cybercrime efforts seem to like this idea, such as James Van Dyke from the Javelin Strategy & Research site. He sees this as being as a necessary push forward:

This has the potential to be a game-changer for online commerce. Even if the Internet identity system is a dud that dies from any one of many significant lurking obstacles, it will advance the argument for what must eventually come to pass.

If nothing else, it's a start for a national focus on addressing Internet fraud, and that's definitely something.



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