Korean Identity Management(KIM)

International Support Grows across industries for Information Cardsas preferred online method for protecting personal and business information

Seven New Members Include: DeutscheTelekom AG, Intel, CryptoPro of Russia, Eduserv of the United Kingdom, ETRI of South Korea, Figlo of the Netherlands

and Wisekey S.A. of Switzerland

CoreNews Facts:

·        Information Card Foundation(ICF) adds seven international members to its growing list of founding members.

·        ICF announced in June 2008 itsmission to advance the information card metaphor as a key component of an openinteroperable identity layer spanning both the enterprise and the Internet.

·        Far more user controlover personal information is a primary goal for ICF members.

·        User benefits include:

o   All of an individual’s usernames and passwords can be replaced with one or more Information Cards.

o   Web users no longer mustorganize multiple “User Names and Passwords” for bank accounts, credit cardaccounts, retirement accounts, mortgages, and their favorite community sites orshopping sites.

o   Web users decide who they sharedata with and which types of information they choose to share.

o   Users have more control tominimize distribution of their personal data.

o   Users enjoy higher levels ofsecurity.

·        Business benefits include:

o   Businesses will enjoy lowerfraud rates and fewer “type-B” errors – denying credit to credit worthycustomers.

o   Frictionless commerce – instantlogin for repeat and new customers.

o   Simple, secure, standards-basedonline transactions are enabled for all global businesses that choose to issueand/or accept information cards.

o   Higher affinity with customers.

·        Information Cards (infocards“i-cards” or just ‘cards’):

o   Takea familiar offline consumer behavior – using a card to prove identity andprovide information – and bring it to the online world.

o   Are card-shaped pictures, that allow a user to assert informationabout themselves (login, password, age, credit worthiness, address), and insome instances verify personal information by a trusted 3^rd party(credit bureau, bank).

o   Are protected by sophisticatedsecurity measures engineered to be far more safe, convenient anduser-controlled than today’s online transactions.

o   AllowWeb users to manage the information in their “i-cards,” have multiple cardswith different levels of detail for different purposes (social, business,casual, formal) and easily select the card they want to use for any givenonline interaction.

o   Are compatible with existing identity systems, therefore theycomplement the work already done to improve digital security.

·        The Information Card Foundationuses technology interopable with the OpenID to advance the principles of auser-centric web and data portability.

·        As part of its affiliationswith other organizations, The Information Card Foundation has been approved asa working group of Identity Commons, a communitydriven organization promoting the creation of an open identity layer for theInternet while encouraging the development of healthy, interoperablecommunities.