the Fraudian Slip Podcast: ITRC, BIC & FIDO Alliance Policy Forum – The Role of Biometrics in Devaluing Stolen Data

Stephanie Schuckers, Arun Vemury, Jay Meier, John Breyault and James E. Lee discuss the role of biometrics in devaluing stolen data and why we should embrace biometric tools

• In 2020, trillions of dollars were pumped into the U.S. economy through enhanced government cash benefits, leading to an array of identity crimesthat exposed issues in current identity verification processes.
• In this month’s Fraudian Slip, a group of identity experts explain why we need to move more aggressively to using biometric tools and digital credentials to help reduce the value of stolen identity data.
• The panel on the role of biometrics in devaluing stolen data was held at the Identity Theft Resource Center (ITRC), Better Identity Coalition & FIDO Alliance Policy Forum in January.
• You can learn more about the role of biometrics in devaluing stolen data and other topics discussed in the podcast by visiting our company website, idtheftcenter.org. To download the ITRC’s discussion paper on biometrics, click here.
• If you think you have been the victim of an identity crime, call the ITRC toll-free by phone (888.400.5530) or live chat on our webpage to speak with an expert advisor.

Below is a transcript of our podcast with ITRC Advisory Board Members Stephanie Schuckers, Arun Vemury, and Jay Meier and ITRC Governing Board Member John Breyault

Welcome to The Fraudian Slip, the Identity Theft Resource Center’s (ITRC) podcast, where we talk about all things identity compromise, crime and fraud that impact people and businesses. Listen on Apple, Google, Spotify, SoundCloud, Audible and Amazon now. This month’s episode focuses on the role of biometrics in devaluing stolen data. It takes us to the recent policy forum in Washington, D.C., hosted by the ITRC, the Better Identity Coalition and the FIDO Alliance. The latter two groups are dedicated to improving identity protection and verification.

In this session, a group of identity experts discuss why we need to move more aggressively to using biometric tools and digital credentials to help reduce the value of stolen identity data. The panel discusses both the benefits and challenges of doing so. Jay Meier of FaceTec (a biometric solution company) moderated the panel and was joined by biometric experts Dr. Stephanie Schuckers and Arun Vemury, John Breyault of the National Consumers League, and the ITRC’s COO James Lee.

WATCH THE PANEL

In November 2023, the ITRC published a discussion paper on biometrics. You can download a copy of the paper by visiting www.idtheftcenter.org/publications or by clicking here.

Contact the ITRC

If you think you have been the victim of an identity crime or want to avoid becoming a victim, you can speak with an ITRC expert advisor toll-free on the phone (888.400.5530), chat live on the web or send us an email during our normal business hours (6 a.m.-5 p.m. PST Monday-Friday). Just visit www.idtheftcenter.org to get started.

Be sure to join us next week for our sister podcast, the Weekly Breach Breakdown, and next month for another episode of the Fraudian Slip.