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I'd really like to see a solution to how we validate ourselves to banks and other financial institutions as it becomes apparent that Social Security numbers are
by bargl 11y ago
I'd really like to see a solution to how we validate ourselves to banks and other financial institutions as it becomes apparent that Social Security numbers are no longer an effective barrier to identifying a person. It would be nice if we could easily change our identifier and have a service which banks used to validate against.
Something similar to using Google to logon to certain services rather then creating a user name and password. Then you can make a single point much more secure and difficult to log into.
The downside of this is that I think the US government would have have an in person verification system to get an account. I.E. you go into the DMV, get an account and then you are connected to the service. You can then implement 2 factor authentication, and you link that service to your bank accounts.
I have no clue if this would actually be more secure then what is already in place, but it seems more then likely that hackers already have my Social Security number and my previous residences because of the OPM hack.
- maljx 11y agoSweden has a system similar to what you describe. It's called BankID and is issued by any bank. You can use it to file your taxes and sign various documents like address change online.
- bargl 11y agoJust another reason I'd like to move to Sweden.
- fweespeech 11y ago> I'd really like to see a solution to how we validate ourselves to banks and other financial institutions as it becomes apparent that Social Security numbers are no longer an effective barrier to identifying a person. They were never intended as anything more than a payroll identifier. This was known since its inception [that it was unsafe]. Its simply a question of the scale of exploitation is larger with computers. The underlying problem is security is a cost center and no one wants to pay for it.
- pjc50 11y agoRather like the Korean or Estonian systems. Although once you implement an ID system it becomes a nonremovable cookie that will end up being required in more and more situations. (It also means that if the system can be broken you can steal someone's identity very easily and thoroughly)