hakim.ali - Thursday, December 20, 2018 8:12 AM
Agreed. No amount of regulation will really stop eventual leakage, just as strict laws do not eliminate auto crashes. That's why we have airbags, seatbelts and ambulance services... to reduce the damage when the inevitable happens.
But things can be done at the user level and the payment level. Outfits like Facebook have no interest in restricting your information, as compared to a normal business which has a commercial interest in NOT sharing their customer list. One thing that would help is the ability to generate a crypto key to lock a credit cart to a single vendor. Hence any theft of the CC information would be useless anywhere else, but still provides the convenience of reorder from the legitimate vendor.
Also we should NOT be using biological ID (especially over the net) orother not readily changeable information (birth, SS, family etc). All identification should be quickly and effectively cancelable.
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