A Band-aid for the identity problem

A Band-aid for the identity problem

Summary: Want to know where a great business opportunity lies? Just watch the existing technology companies that are suddenly all offering things in that space. Of course, those opportunities lie everywhere, but recently you may have noticed a spate of offerings from Microsoft and Check Point, with more coming from Symantec and McAffee.

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TOPICS: Browser
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Want to know where a great business opportunity lies? Just watch the existing technology companies that are suddenly all offering things in that space. Of course, those opportunities lie everywhere, but recently you may have noticed a spate of offerings from Microsoft and Check Point, with more coming from Symantec and McAffee.

Carrying names like "One Care" and "ID Lock" (ever notice how "security" product names always invoke either comfort or fear?), the products are aimed at helping consumers manage the ongoing problem of online identity theft and fraud. These products, while important, are still simply band aids on a wound the size of a chest cavity.

Identity Fraud, or more importantly, the loss of trust in online banking, bill paying and commerce, is not a problem easily solved. Its not easily solved because we're bolting on a solution to the lack of identity in the Net. While that may sound simple, a recent researcher at MIT suggested ripping the *entire* internet down and *starting over* as a solution.

In the meantime, we end up with band aids and grandmas in Nebraska that are scared to go on-line. And the business for applying band aid solutions to online identity fraud grows. It grows so much that the cynic might be prompted to ask if the large technology companies really *want* to solve the online identity fraud problem.

Will technologies like InfoCards begin to solve this problem? Ideally, yes. But we live in the age of the long-tail, and while the big sites might adopt some identity mechanisms quickly, it still feels like we're years away from Mom and Pop shops getting up to speed.

And the band aid business grows...

Topic: Browser

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  • Band-aid

    Well Eric,

    After we talk to Aldo next week. You will have something else to talk about...because SRC Technologies, Inc. of Antioch, IL has the entire solution already bundled into one fix that will extend from the home desktop...through to the Enterprises including Banking and Card Clearing houses, through to retail and all the way into the Govt systems. Nothing will have to change because of the use of SRC's proprietary Heuristic Intelligent Processing System which is an Heuristic Artificial Intelligence Engine that is around 100k in size.



    All this without databasing any biometric information, thereby alleviating ACLU and other privacy wonk concerns. What this solution that SRC calls a "Requestor Specific" solution will do, is to free up storage space in all of the legacy platforms and also keep the entire Internet Bandwidth free from too much traffic which will be generated by the Biometric Lockboxes already starting to be installed such as Paybytouch and Biopay. It is also hacker proof. Period.

    SRC Technologies, Inc. announces PASS/tm. The Personal Access Security System.

    www.srcti.com...the new website will be posted shortly.
    hegira1