Read more on this subject: Identity Theft
News Story Source: https://fee.org, Dan Elitzer
We have separate credentials for nearly every service we interact with but often reuse the same simple passwords, leaving ourselves vulnerable. Our credentials and sensitive data are then stored in databases with thousands or millions of other users, creating attractive targets for hacking and theft.
We experience all of the problems of fragmented, siloed identity systems — yet reap none of its promised benefits, such as increased privacy or diffused risk. In the cases where we do have relatively secure, integrated identities to which we attach lots of personal information, these identities are in reality owned by massive companies, like Google or Facebook, who can revoke our access at any time.
There are better paths to follow. It is possible to create a future where our identities are more secure, easier to use, and under our control.
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