Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Analytics

Biz Giants Form Fraud Standards Group

American National Standards Institute, Better Business Bureau to fight identity theft and fraud

Some of America's largest and most influential business groups yesterday announced formation of a new group that will develop and promote the implementation of standards for preventing identity theft.

The American National Standards Institute and the Better Business Bureau system said they are enlisting major corporations in a variety of industries to create a single resource of standards and guidelines that companies can use to prevent identity theft and fraud. The initiative, called the Identity Theft Prevention and Identity Management Standards Panel (IDSP), has nine founding members: AT&T, Citi, ChoicePoint, Dell, Intersections, Microsoft, Staples, TransUnion, and Visa USA.

The group has given itself 12-18 months to come up with a comprehensive, cross-sector set of requirements and best practices for managing access, storage, and disposal of customer and employee data. The group will also look at personnel issues, such as how to hire and train employees to handle sensitive data, how to choose data contractors, and how to recapture and restore the integrity of stolen identities.

The group currently is conducting a survey of corporations and other security groups to find out what authentication standards and best practices are out there already, says Jim McCabe, ANSI director of consumer relations and public policy. The group will try to identify standards that could be used more broadly and areas where new standards are needed, he says.

"We're not trying to duplicate what somebody's already done," McCabe says. The group will reach out to other groups that are working on guidelines for protecting user privacy, such as the White House's task force on identity theft and the credit card industry's PCI standards for protecting credit information.

"It's time that a coordinated assessment was made of the standards and other solutions that the marketplace has developed, or needs to develop, to address this problem and to make the results widely available," says Joe Bhatia, president and CEO of ANSI.

The study raises the question of whether enterprises should build stronger policies against surfing the Web over company links. Companies that allow personal browsing have a higher incidence of infection by worms and viruses than those that don't, according to the research. Some companies have established hard-line policies that disallow users from using the Internet for any non-business reason.

But IDC's Andersen doesn't recommend this approach. "Today our work and private lives are so interlinked that it is unrealistic to think in terms of a ban on the use of company Internet connections for private purposes."

After it has done its assessment of currently-available standards and guidelines, the LDSP will convene an identity theft panel to make recommendations on which best practices to use and will issue a "call to action" to corporations and vendors to develop standards where they're still needed, McCabe says.

— Tim Wilson, Site Editor, Dark Reading

  • AT&T Inc. (NYSE: T)
  • Microsoft Corp. (Nasdaq: MSFT) Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio
     

    Recommended Reading:

    Comment  | 
    Print  | 
    More Insights
  • Comments
    Newest First  |  Oldest First  |  Threaded View
    COVID-19: Latest Security News & Commentary
    Dark Reading Staff 7/13/2020
    Omdia Research Launches Page on Dark Reading
    Tim Wilson, Editor in Chief, Dark Reading 7/9/2020
    Russian Cyber Gang 'Cosmic Lynx' Focuses on Email Fraud
    Kelly Sheridan, Staff Editor, Dark Reading,  7/7/2020
    Register for Dark Reading Newsletters
    White Papers
    Video
    Cartoon
    Current Issue
    Special Report: Computing's New Normal, a Dark Reading Perspective
    This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
    Flash Poll
    The Threat from the Internetand What Your Organization Can Do About It
    The Threat from the Internetand What Your Organization Can Do About It
    This report describes some of the latest attacks and threats emanating from the Internet, as well as advice and tips on how your organization can mitigate those threats before they affect your business. Download it today!
    Twitter Feed
    Dark Reading - Bug Report
    Bug Report
    Enterprise Vulnerabilities
    From DHS/US-CERT's National Vulnerability Database
    CVE-2020-14300
    PUBLISHED: 2020-07-13
    The docker packages version docker-1.13.1-108.git4ef4b30.el7 as released for Red Hat Enterprise Linux 7 Extras via RHBA-2020:0053 (https://access.redhat.com/errata/RHBA-2020:0053) included an incorrect version of runc that was missing multiple bug and security fixes. One of the fixes regressed in th...
    CVE-2020-14298
    PUBLISHED: 2020-07-13
    The version of docker as released for Red Hat Enterprise Linux 7 Extras via RHBA-2020:0053 advisory included an incorrect version of runc missing the fix for CVE-2019-5736, which was previously fixed via RHSA-2019:0304. This issue could allow a malicious or compromised container to compromise the co...
    CVE-2020-15050
    PUBLISHED: 2020-07-13
    An issue was discovered in the Video Extension in Suprema BioStar 2 before 2.8.2. Remote attackers can read arbitrary files from the server via Directory Traversal.
    CVE-2020-10987
    PUBLISHED: 2020-07-13
    The goform/setUsbUnload endpoint of Tenda AC15 AC1900 version 15.03.05.19 allows remote attackers to execute arbitrary system commands via the deviceName POST parameter.
    CVE-2020-10988
    PUBLISHED: 2020-07-13
    A hard-coded telnet credential in the tenda_login binary of Tenda AC15 AC1900 version 15.03.05.19 allows unauthenticated remote attackers to start a telnetd service on the device.