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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.
Money laundering
Definition:
Once money has been illegally gained, money laundering is the process of concealing those funds in order to avoid a transaction-reporting requirement under state/federal law.
Phising
Definition:
Phising is a term used to describe high-tech scams, using spam, pop-ups and emails to deceive people into disclosing their personal information.
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