The promotion of the myth that the Internet and electronic commerce is secure, based upon the false sense of security is a disservice to all. The fundamental quality of the Internet is that it has no boundaries, access is open to anyone and everyone, there is not central control, unlike intranets, whose qualities are the opposite. Security strategies that apply to intranets do not necessarily apply to the Internet. Ben Franklin pointed out that fish and relatives smell after three days. Information on the Internet is much like a fresh fish.
Information has a currency and immediacy that can be exploited.
We have designed a security system that assumes a priori that access is open to all and that anyone can see any and all information in the system. Our approach is one that makes information valuable only in the hands of authorized users and useless in any other hands. Is different every time, Is not memorized or stored, Absolutely protects user privacy, And, requires the consent of the authorizing user each and every time it is used and is cheap, simple and easy to use in a real time environment. This system makes the theft of information and identities useless to the thief. It prevents attacks such as the recent distributed denial of service attacks.