Obama ID protection plan may be best alternative to data theft

Framework would set standards, rules, fines for storing sensitive data securely

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It would be easy to be paranoid about government oversight of identity data, and to resist a new identity program because it would cost too much.

Without broad-scale mechanism to provide some level of security and confidence in identity data, though, the pace of data breaches is such that in a couple of years the only way the rest of us will be able to get our own financial data will be to hack into the databases of identity thieves and take it.

That will be a big problem; unlike Sony and so many others, the identity thieves' security will probably be pretty good.

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