New Security Service Enters Consumer Space
April 29, 2016
It looks like another company is entering the arena of consumer cybersecurity. An article from Life Hacker, Privacy Lets You Create “Virtual” Credit Card Numbers, Deactivate One Instantly If It’s Stolen, shares the details of Privacy. Their tool generates disposable card numbers online, which can be tied to accounts with participating banks or Visa cards, and then allows users to easily deactivate if one is stolen. The service is free to users because Privacy makes money acting as a credit card processor. The article tells us,
“Privacy just gives you the ability to create virtual “accounts” that are authorized to charge a given amount to your account. You can set that account to be single use or multi-use, and if the amount is used up, then the transaction doesn’t go through to your main account. If one of your virtual accounts gets hit with an account you don’t recognize, you’ll be able to open the account from the Privacy Chrome or Firefox extension and shut it down immediately. The Chrome extension lets you manage your account quickly, auto-fill shopping sites with your virtual account numbers, or quickly create or shut down numbers.”
We think the concept of Privacy and the existence of such a service points to the perception consumers find security measures increasingly important. However, why trust Privacy? We’re not testing this idea, but perhaps Privacy is suited for Dark Web activity.
Megan Feil, April 29, 2016