In defining an IAM strategy for the cloud, CISOs need to automate the processes of provisioning, de-provisioning, monitoring and auditing as well as implementing federated access and API integration, says Rushdhi Mohammad, information security officer at the Industrial Bank of Kuwait.
Organizations with largely remote workforces must strengthen their dynamic authentication processes to enhance security, says Sridhar Sidhu, senior vice president and head of the information security services group at Wells Fargo.
"Multisectoral" authentication can help to ensure that government benefits are provided to the right recipients, says Joni Brennan, president of the Digital ID & Authentication Council of Canada.
Global messaging app WhatsApp's instant payment service went live in India on Dec.16. But despite its two-factor authentication being accepted by leading banks, there are concerns about potential security issues.
An investigation at the U.S. Treasury Department has found that it suffered a "significant" breach as a result of the SolarWinds Orion supply chain attack, a top Democrat on the Senate Finance Committee reports. Meanwhile President-elect Joe Biden said of the attack: "I promise you, there will be a response."
The Monetary Authority of Singapore has given non-bank financial institutions access to e-payment platforms Fast and Secure Transfers and PayNow systems, despite security concerns.
Asian organizations are beginning to look at extending digital identity beyond the traditional internal enterprise IAM stack, to CIAM or customer identity and access management, shares Alex Laurie, SVP at ForgeRock.
Networks are fundamentally changing as a result of data being used across cloud environments. So security must be built into networks to improve mitigation of cyberthreats, says Nick Savvides, senior director of strategic business, APAC, at Forcepoint.
CISOs are gaining additional discretionary powers to make risk-based decisions, especially as organizations implement the ISO 27035-3 incident response standard, says Khawaja Mohammad Ali, CISO of a large federal bank in Pakistan.
A hacking group targeting Iranian dissidents has developed malware that can bypass two-factor authentication protection on Android devices to steal passwords, according to Check Point Research. The hackers have also targeted victims' Telegram accounts.
An organization has successfully implemented a "zero trust" framework when it can achieve context-aware resolution of a risk, says Dr. Siva Sivasubramanian, CISO of SingTel Optus, an Australian telecommunications firm.
The key components of an effective "zero trust" architecture include multifactor authentication, network segmentation and a defense-in-depth approach, says Dr. Erdal Ozkaya, regional CISO and managing director at Standard Chartered Bank in the United Arab Emirates.
Consumers hate passwords, criminals love them. And while the journey to passwordless authentication takes time, there are lessons to be learned from major global organizations who have started down the path. Dr. Rolf Lindemann of Nok Nok Labs shares insights.
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The need for enhanced business agility and secure remote access to support digital transformation has led to the adoption of the security access service edge, or SASE, model, says Rajpreet Kaur, senior principal analyst at Gartner.
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