Join the tweet chat Thursday, June 4 at noon ET
The use of out of wallet questions – like who holds your mortgage or what street did you live on in 1996 – is a common tool used to establish identity online. But these knowledge-based authentication techniques are far from perfect, and the latest IRS breach only serves to highlight these challenges.
Still, many say it’s the best means to vet consumer identity outside of in-person face-to-face checks. In order to enable some level of assurance quickly and remotely, KBA has arguably been the only game in town.
The IRS breach has already left 100,000 taxpayer accounts compromised and $50 million in tax returns in the hands of — likely Russian — criminals. In light of this, we decided to try to fix it with 140-character verbal duct tape.
On Thursday, June 4, at noon ET, SecureIDNews and re:ID Magazine will host a 30 minute Tweet Chat to discuss the hack and what it means for the future of KBA and online identity.
Any and all are welcome, use the hashtag #IRSbreach.
The discussion will revolve around these questions:
Q1: Did the IRS system fail or did it actually protect millions of other accounts?
Q2: Is it possible to fix KBA?
Q3: What alternatives to KBA exist outside of costly in-person vetting?
The goal of this Tweet Chat is to garner information for a more in-depth webinar in the coming days that will dive deeper than 140-characters into the issues and possible solution surrounding KBA.