Protecting the Individual from Data Breach
Major databreaches make the news. TJ Maxx, Barnes & Noble, and Sony all had high profile breaches. In such large scale breaches, there is a flaw that is easily exploited on a grand scale. The individual hack is rarely reported and easily overlooked.
In a follow-up to his experience, he published a piece recently, outlining why passwords cannot keep users safe. A few of the more salient points are: 1) as computing power increases, brute force attacks can become more successful; 2) users use the same logins for multiple systems; 3) answers to security questions can be easily found; and 4) convenience is a trade-off for security. If one were to follow the prevailing wisdom, each person would have to memorize 16 digit, non-dictionary, randomly generated passwords for the dozens of online accounts held, without storing those passwords anywhere. This is nearly impossible and hence systems put in place password reset mechanisms that are themselves vulnerable.
Online businesses should take a closer look at how they protect their individual clients and what information is revealed in the event a third-party gains access that could be used to disguise themselves as the client to another provider. Failure to do so may subject them to a cyberliability claim.