The_economics_of_privacy

Today, identity is more than anything, economic. The technology used to create, utilize and protect identities is increasingly ill-matched to the economics and uses of identities. Identity theft is the misuse of private authenticating information to steal money. Protecting identity requires privacy. 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 resulting in ever-increasing identity theft…