GAO

Smart Meters

Verizon: New Cloud Encryption Service Will Secure IoT Devices

Identity is one of the biggest challenges facing companies that are deploying products for the “Internet of Things,” as well as traditional enterprises that find IoT technologies of all types knocking at the door. The question, in short, is “how do I know that this device is legitimate, and ties back to an identity that I trust with access to my network resources and data? Of course, identity management has always been an aching problem in the enterprise space. The problem with the IoT is scale – given the sheer size of the IoT (30 billion connected devices by 2020), you can add a few “zeros” onto the number of devices that could, potentially, be seeking access to your network at any time. [Related read: Identity Management’s Next Frontier: The Interstate] It makes sense that, in a distributed environment like that, the cloud may be the best place to address […]

Identity Management’s Next Frontier: The Interstate

Factory-installed and even aftermarket identity management applications may soon be standard components on automobiles, as the federal government looks for ways to leverage automation and collision avoidance technology to make the country’s highways and roadways safer.   That’s the conclusion of a new report from the Government Accountability Office (GAO), which finds that vehicle to vehicle communications are poised to take off, but that significant security and privacy challenges must first be met, identity management top among them. The report, GAO 14-13 (PDF available here) takes the measure of what the GAO calls “Intelligent Transportation Systems,” including vehicle-to-vehicle (or V2V) technology. The GAO found that V2V technology that allows automobiles to communicate with each other in ways that can prevent accidents has advanced considerably in recent years. Automakers, working with the Department of Transportation, are testing the technology in real-world scenarios. However, the deployment of V2V technologies faces a number […]

A Bitcoin

Beware BitCoin Users: The Tax Man Cometh!

Beware you barrons of BitCoin – you World of Warcraft one-percenters: the long arm of the Internal Revenue Service may soon be reaching into your treasure hoard to extract Uncle Sam’s fair share of your virtual treasure. That’s the conclusion of a new Government Accountability Office (GAO) report on virtual economies, which found that many types of transactions in virtual economies – including bitcoin mining and virtual currency transactions that result in real-world profit – are likely taxable under current U.S. law, but that the IRS does a poor job of tracking such business activity and informing buyers and sellers of their duty to pay taxes on virtual earnings. The report, “Virtual Economies and Currencies: Additional IRS Guidance Could Reduce Tax Compliance Risks” (GAO-13-516) was released this week. It was prepared in response to a request from the U.S. Senate Committee on Finance, which asked GAO to look into virtual […]