Identity Assurance should be Revalued

We today take up this The Register report — “FBI: Look out, crooks stole $1.3b in cryptocurrency in just three months this year” https://www.theregister.com/2022/09/01/fbi_cybercrime_defi_cryptocurrency/

$1.3 billion over 3 moths = possibly $5 billion over a year?

What an amount!!

Don’t you think that we might have watched a 0 or two getting kicked off those figures if a mere 0.1% the stolen amount had been invested into correctly improving the identity assurance platform?

Ref: “Fend Off Cybercrime with Episodic Memory” https://www.slideshare.net/HitoshiKokumai/slide-share-updated-fend-off-cybercrime-with-episodic-memory-29aug2022

Besides the merit of relying on humans’ non-volatile episodic memory, the security-destructive effects of passwordless and biometrics authentication schemes are closely examined in this presentation.

Website — https://www.mnemonicidentitysolutions.com/

Digital identity blogs collected at https://www.linkedin.com/pulse/collection-digital-identity-comments-hitoshi-kokumai-posted-kokumai/