24 May 2018
Robert Siciliano

Identity Theft Expert

Robert Siciliano - IDTheftSecurity.com

749Posts 2,158,726Views 62Comments

The Future of Identity Theft

27 April 2014  |  1743 views  |  0

Identity theft evolves as technology progresses. The Identity Theft Resource Center explains the future of this crime.

 

Definition of Identity

The definition will swell up to include biometrics and behavior, not just driver’s license number and SSN. So your identity can be defined by how you move a mouse and your keystroke patterns.

Medical Identity

There’s no focal mechanism for the mitigation of medical identity theft, making it easy for thieves to keep getting medical treatment. Many people get their medical identity stolen without knowing it.

Statistics

Crime rate statistics are not telling the whole story. The illusion is that crime rates are on the decline; this is because statistics do not include all fraud activity. The primary indicator in crime statistics reports doesn’t even include identity theft.

Mobile wallets will not take over the world—at least not soon, anyways.

Though mobile wallets seem to be the next big wave in purchase technology, it’s not going to be easy convincing the masses to store every bit of their financial data in their smartphone. In fact, 64 percent of survey participants said they would not convert to a mobile wallet system (Consult Hyperion).

Affordability

All of these cool developments in the world of cyber communication will not necessarily apply to every single person; products cost money. So no matter how much it seems that times are changing or that people are “switching over” to some new technology, there will still be that demographic that’s seemingly left in the dust.

Finally…

It looks as though federal data breach notification laws will at last become a reality. Or so it seems.

Extra Layers

The dual and even multi-step authentication system will become more common, as more industries pick this up, to verify a user’s identity. And even consumers seem to be warming up to this.

Can’t have it both ways:

That is, security and convenience. With all the big data breaches lately, looks like privacy and security will win over convenience for the consumer.

 

a member-uploaded image TagsSecurity

Comments: (0)

Comment on this story (membership required)

Latest posts from Robert

Are Your Employees Putting Your Company at Risk? Here’s How to Find Out!

18 May 2018  |  4530 views  |  0 comments | recomends Recommends 0 TagsSecurity

10 Internet Security Myths that Small Businesses Should Be Aware Of

11 May 2018  |  1227 views  |  0 comments | recomends Recommends 0 TagsSecurity

Mobile Phone Numbers Are as Sensitive as Your Social Security Number

19 April 2018  |  3483 views  |  0 comments | recomends Recommends 0 TagsSecurity

The Term Identity Theft Protection is Often a Lie

06 April 2018  |  7528 views  |  0 comments | recomends Recommends 0 TagsSecurity

Use a Password Manager Or You WILL Get Hacked

19 March 2018  |  3922 views  |  0 comments | recomends Recommends 0 TagsSecurity

Robert's profile

job title Security Analyst
location Boston
member since 2010
Summary profile See full profile »
Security analyst, published author, television news correspondent. Deliver presentations throughout the United States, Canada and internationally on identity theft protection and personal security....

Robert's expertise

Member since 2009
739 posts62 comments

Who's commenting on Robert's posts