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Submission + - Major Data Brokers hacked by ID Theft Service

gewalker writes: Have we reached the point where it is time to admit that the ID thieves are winning and will continue to win as long as their incentives are sufficient to make it lucrative for them? According to Krebs On Security a breach in 25 data brokers has been identified including the heavyweights Dun and Bradstreet and LexusNexus. The truly telling quote is

“We could well be witnessing the death of knowledge-based authentication, and it’s as it should be,” Litan said. “The problem is that right now there are no good alternatives that are as easy to implement. There isn’t a good software-based alternative. Everybody in the industry knows that KBA is nearing its end of usefulness, but it’s not like you can instantly roll out biometric identifiers to the entire US population. We’re just not there yet. It’s years away. If ever.”

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Major Data Brokers hacked by ID Theft Service

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