Banks are facing unprecedented challenges in securing their digital ecosystems while maintaining cost efficiency. With cybercriminals increasingly targeting the financial industry, banks face risks to their reputation as trustworthy partners. With data breach costs averaging nearly $6 million per incident, banks...
To achieve transformative business objectives, stay competitive and meet user expectations, enterprises are undergoing a digital transformation, also known as modernization. This shift to a decentralized, identity-centric operational model has placed increased importance on ensuring secure access for users. The future...
In a recent study it is shown that 85% of customers who fall victim to identity theft and identity fraud would avoid using a brand after losing trust.
In today’s Digital World, customers expect to keep them and their digital transactions safe. Additionally identifying the person attempting to access your...
The International Rescue Committee has identified new processes and ways to safeguard information in the midst of rapid digital transformation, according to CISO JT Jacoby. The IRC went from having multi-factor authentication deployed on just 1,500 devices in November to more than 10,000 today.
Humans continue to reuse simple passwords that criminals can access, and passwordless continues to be the way forward. Jeff Shiner, CEO of 1Password, said we're making progress toward the future of authentication - passkeys - and discussed when, why and how to adopt them.
In the online world, knowing and trusting who you are interacting with has been a problem for decades. When it comes to assessing the state of identity verification, "we certainly have a lot of problems to address," according to identity expert Jeremy Grant of Venable.
While multifactor authentication helps solve some of the problems with passwords, we still need to get to being truly passwordless, said Susan Koski, PNC Financial Services. She said adopting the FIDO standards, using zero trust and relying on authentication analysis can all help speed the journey.
While the concept of zero trust has been around for years and has been adopted by the federal government, most small- and medium-sized businesses still don't know how to implement zero trust, said Chase Cunningham. But progress is being made - with a big focus on automation.
Hardware-based authentication vendor Yubico plans to go public at an $800 million valuation by merging with a special purpose acquisition company. The Swedish firm said becoming publicly traded will accelerate Yubico's push to enter adjacent authentication markets and land clients in new verticals.
Healthcare sector entities have a special mix of identity and access management challenges, but other factors, including the shortage of skilled cybersecurity expertise, create even more obstacles, says Dave Summitt, vice president, cybersecurity, at Florida Cancer Specialists & Research Institute.
In the latest weekly update, Venable's Jeremy Grant joins ISMG editors to discuss how to defend against the increasing use of MFA fatigue attacks, takeaways from a recent U.S. probe into compliance issues related to Login.gov services and the latest updates on the Improving Digital Identity Act.
Forrester recently published a report that shows over two-thirds of European security decision-makers have begun to develop a zero trust strategy, and public sector organizations are leading the way. Forrester's Tope Olufon shares the cultural and regulatory roadblocks to zero trust.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.
