Online trust and identity management giant Entrust suffered a security breach by a notorious ransomware gang that exfiltrated files from the company’s internal network.
The key to creating a mutually trusting relationship between a business and its customers may lie in consumers becoming more empowered and knowledgeable about their personal data.
Third-party access can quickly transform from an enabler of operational efficiency into a security strategy Achilles heel if an organization lacks an adequate third-party identity and risk management strategy.
With the number of machines rising to vastly surpass the number of people using them, machine identity management has recently garnered attention from IT leaders all over the world, especially among organizations undergoing a digital transformation.
A modern identity and access management system is critical to manage access across multiple operating systems, devices, locations and applications, based on what a user should be able to do and what they will need over time.
With the pandemic accelerating digital transformation, there has also been a surge in fraudulent activity as threat actors are exploiting newly remote operations. In today’s digital world, knowing your customer is more critical than ever before.
Attackers who are blocked by strong defenses in other areas, are exploiting exposures from mismanaged machine identities to exploit the trust these systems are designed for.
Today, as we navigate a new future that is truly digital-first, the next innovation that could hit Singapore very soon is digital birth certificates, something that effective identity management technology can help to achieve — rendering paper birth certificates a thing of the past.
A strong identity management strategy involves monitoring user behavior and activity, verifying user identity with strong authentication solutions and cybersecurity education and awareness.
Remote work has put more pressure on the technology that companies have in place. What is important heading into 2021 is that we look at what went well, what has to change, and what lessons we can learn.
