Digital ID World Editors Corner: Why identity will spur the economy

December 02, 2002

Why identity will spur the economy

Wired News: Lax Security: ID Theft Made Easy
I've been making this argument for a while now -- the one that goes "digital identity is the technology that reignites growth in business spending." I get some flak for it -- people asking why. Here's an example of why:

"I've had a hellish time fixing their screwup, and have lost a job and been turned down by a landlord due to my wrecked credit," Pastore said. "Shouldn't the credit report companies have notified me before they released my data? Shouldn't they bear the cost of fixing the problems they caused?"

"Consumer privacy and corporate accountability are the major issues here," said Harvey Jacobs, a Washington, D.C., attorney. "The credit bureaus have to reevaluate how they release information, and they have to be held financially and legally accountable if the information is misused."

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