> The downside is that the most critical components of information which tie to identity itself, are the ones that businesses most commonly need to hold to veri

> The downside is that the most critical components of information which tie to identity itself, are the ones that businesses most commonly need to hold to verify identity. More challenging is that without a way to modify identity data (i.e. change your SSN), the insurable risk is huge because it needs to include a discounted cost of identity monitoring forever, and the cost of the individual losses that someone might encounter for the loss of that data. Then of course, if a person's identity is compromised more than once, how do you discount the responsibility across multiple careless parties? If it gets expensive enough, maybe banks and CC companies and such will finally get off their asses and fix the whole "identity theft" issue. That's a feature, not a bug. I think the US is too allergic to anything with even a whiff of "secure national ID" for us to let the government fix it, so this is the next best (or, better, depending on your perspective) option. I frankly don't care how we do it, but it's really stupid this is still a thing people have to worry about, and making it cheaper for the banks to fix it than not to fix it seems like the most politically viable solution.