The dirty secret behind breaches of personal data

The Sept. 29 Economy & Business article “Equifax says new tool will give consumers more control of personal data” continued the news media’s practice of blaming the victims and perpetuators but not the enablers.

Being ignored are the science and engineering that enable the global problem of financial theft by identity fraud, costing merchants, consumers and taxpayers worldwide about $1 trillion per year in theft and waste (the United States contributing about a third of this loss).

The fundamental question the media does not address is simple: Why do the owners of these systems (e.g. Social Security and credit, debit, ATM and chip cards) continue to incorporate identity parameters in their electronic financial systems?

Until the advent of cybertechnologies in the 1970s, there was no way by which to remove the crime-enabling identity data and information from these systems without also preventing these legitimate financial transactions.

But in 2011 the U.S. government granted the utility patent for the non-identity cyber-card, which resolved this systems engineering dilemma, so why do these design owners continue to ignore this cost-effective cybertheft-prevention technology?

The primary reason is that there exist many powerful entities whose profits rely on this theft due to the decades of their marketing goods and services that help to “protect” but that cannot prevent this cybercrime.

Source:https://www.washingtonpost.com/opinions/the-dirty-secret-behind-breaches-of-personal-data/2017/10/01/602fd9f6-a539-11e7-b573-8ec86cdfe1ed_story.html?utm_term=.880ec88970c8

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