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

    Comment  | 
    Print  | 
    More Insights
  • Comments
    Oldest First  |  Newest First  |  Threaded View
    Why Vulnerable Code Is Shipped Knowingly
    Chris Eng, Chief Research Officer, Veracode,  11/30/2020
    Register for Dark Reading Newsletters
    White Papers
    Video
    Cartoon Contest
    Current Issue
    2021 Top Enterprise IT Trends
    We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
    Flash Poll
    Twitter Feed
    Dark Reading - Bug Report
    Bug Report
    Enterprise Vulnerabilities
    From DHS/US-CERT's National Vulnerability Database
    CVE-2020-16123
    PUBLISHED: 2020-12-04
    An Ubuntu-specific patch in PulseAudio created a race condition where the snap policy module would fail to identify a client connection from a snap as coming from a snap if SCM_CREDENTIALS were missing, allowing the snap to connect to PulseAudio without proper confinement. This could be exploited by...
    CVE-2018-21270
    PUBLISHED: 2020-12-03
    Versions less than 0.0.6 of the Node.js stringstream module are vulnerable to an out-of-bounds read because of allocation of uninitialized buffers when a number is passed in the input stream (when using Node.js 4.x).
    CVE-2020-26248
    PUBLISHED: 2020-12-03
    In the PrestaShop module "productcomments" before version 4.2.1, an attacker can use a Blind SQL injection to retrieve data or stop the MySQL service. The problem is fixed in 4.2.1 of the module.
    CVE-2020-29529
    PUBLISHED: 2020-12-03
    HashiCorp go-slug before 0.5.0 does not address attempts at directory traversal involving ../ and symlinks.
    CVE-2020-29534
    PUBLISHED: 2020-12-03
    An issue was discovered in the Linux kernel before 5.9.3. io_uring takes a non-refcounted reference to the files_struct of the process that submitted a request, causing execve() to incorrectly optimize unshare_fd(), aka CID-0f2122045b94.