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Transparency, Trust
Posted by Paul Szynol on Friday, November 01 @ 10:13:14 EST Consumers
The Associated Press reports a self-conscious trend in law enforcement toward keeping private the names of companies that fall prey to crackers. The somewhat paradoxical, pro-business rationale: building consumer trust in Internet security.

The LA Times published the story here.

 
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"User's Login" | Login/Create an Account | 3 comments
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Re: Transparency, Trust (Score: 1)
by JamesGrimmelmann on Friday, November 01 @ 10:30:59 EST
(User Info | Send a Message) http://www.laboratorium.net
Not necessarily a bad idea. The biggest cause of tax cheating is public belief that tax cheating is rampant. The IRS plays down information about tax evasion so that people think the system is basically honest -- which has the effect of making the system significantly more honest.

The distinction here is that while most members of the public are potential taxpayers, most members of the public aren't potential crackers.


[ Reply to This ]

Re: Transparency, Trust (Score: 0)
by Anonymous (Name Withheld on Advice of Counsel) on Friday, November 01 @ 12:09:18 EST
James,
1. I'd rather know about security flaws than transact in a false sense of security.

2. Your analogy is off. Your model targets potential tax evaders, and aims to deter. The privacy approach does not target potential crackers, and does not aim to deter, but minimizes information flow to consumers.
Paul


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Re: Transparency, Trust (Score: 1)
by TomWiles on Friday, November 01 @ 11:14:51 EST
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The problem is that we are moving toward an online financial system without a realistic assesment of the risks.

We know that paypal (online clearing house associated with e-bay) has serious problems with theft, unfortunately we never hear about these cases unless the victim posts.

Prudential, Merrill, USAA, etc. are moving brokerage accounts online.

We are also moving very quickly toward online banking where an individual's savings (or a corporate account) can be wiped out with the ckick of a mouse.

Information about the risk of online financial transactions is being systematically supressed, while a great deal if disinformation (propaganda) is being spread.

Does anyone see a problem here?


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