gabbo529 writes: "President Obama, in releasing his new cyber security initiative, revealed the average victim of online fraud loses $631 out-of-pocket and it takes them over 130 hours for them to recover from having their identity stolen. The new initiative would introduce Online ID credentials; in the form of software on a smartphone or a smart card; and would store a single password, rather than forcing people to remember countless user names and passwords."
"An idealist is one who, on noticing that a rose smells better than a
cabbage, concludes that it will also make better soup." - H.L. Mencken