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Is there anyone who operates an authentication service which:

- Has a contractual obligation to keep your data secure.

- Accepts financial responsibility for data compromise.

- Carries insurance and bonding to back that responsibility.

- Does not require binding arbitration or forbid class actions.

- Has their employees bonded in the way bank employees are bonded.

Well?

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How much would you pay for it?

Huh, can't I get this service for free or at most $1 a month...What are you saying? :)

Outside of the price issue, this service would also be a prime target go get compromised: I'd assume it would get the juiciest users, and national agencies would have the strongest incentives to backdoor it for later use.

We'd need a bunch of services to get to that level first to see any meaningful choice IMHO. I have no idea how that would happen.

It would make sense as a service offered by banks. They already have to verify ID. They're usually required to take financial responsibility for their errors, too.

So, just like okta.com, used by lots of huge companies.

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