Security As Opportunity: Combating ID Theft From A Business Perspective

[mandy]

ID theft has shaken consumer confidence in electronic commerce; although only a fraction of ID theft occurs online, there is a growing (mis)perception that e-commerce is inherently insecure.

In addition, the apparent lack of due diligence exercised by ChoicePoint and other so-called ‘data brokers’ has broken the public trust and fostered a belief that businesses do not handle consumer information in a responsible manner.

full article: http://www.s-ox.com/news/detail.cfm?articleID=1406

Article covers the effect identity theft has on businesses: Corporate Identity Theft, Loss of Critical Business Information, Loss of Brand Value, Transforming data security into business opportunity

[mandy]

A related article:

Identity theft is the major security concern facing organisations today. Indeed, for the banking industry, it is the number one security priority for 2006. In a recent survey of security budget holders and influencers of UK banks, 73% of respondents cited identity management as the top transaction security concern. The survey also showed that identity management has moved from being fifth to the most important driver for transaction security spend in UK banks. In addition, the number of UK banks assigning separate budgets for identity management has risen from 22% to 60% since 2003.

full article: http://www.net-security.org/article.php?id=904