Economics of Identity Theft

Publisehd by Springer, 181 pages.

Abstract:

Identity today is, more than anything, economic.  The technology used to create, utilize, and protect identities is increasing ill-matched to their economics and uses.  Identity theft is the misuse of private authenticating information to steal money.  Protecting identity requires privacy, yet proving identity requires exposing information. Together, these points illustrate that the near-term search for cheap identity management is a formula for long-term fraud that will result in ever-increasing identity theft.

This book approaches privacy from a multidimensional perspective, pulling forward the economics of privacy in the first few chapters. It also includes identity-based signatures, spyware, and the placement of biometric security in an economically broken system, which results in a broken biometric system.  The final chapters include systematic problems with practical individual strategies for preventing identity theft for any reader of any economic status.

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