Identity and access management is more complicated when organizations rely on a cloud infrastructure, says Brandon Swafford, CISO at Waterbury, Connecticut-based Webster Bank, who describes the challenges in an interview.
Currently, nearly ninety percent of organizations worldwide are using
Active Directory (AD) for on-premises
resources (aka on-prem). That
represents 500 million organizations
and somewhere around 10 billion daily
authentications. In fact, in the world
of identity and access management
(IAM), AD has become...
The number of cyberattacks on financial institutions (FIs) cannot be overstated. In the past year, there have been more than one billion cyberattacks on financial institutions. That is three hundred times more than any other industry, such as retail, insurance, or healthcare. At an average cost of $18 million dollars...
Email is indispensable to financial services. It's also so ubiquitous throughout society that most people take for granted that every email sent will be received almost instantaneously.
This guide shares insights on what is really happening behind the scenes with the industry's most used form of communication, ways...
Most companies have huge gaps in their cyber defenses, and can be compromised at will by a determined hacker. The industry even has a term for it: Assume Breach.
Join Roger A. Grimes, a 30-year computer consultant, for this webinar where he explores the latest research on what's wrong with current defenses and how...
Despite increased use of two-factor authentication and biometrics, passwords are still the most common form of authentication. However, when most breaches are caused by weak, stolen, or reused passwords, it's clear passwords pose significant risks that can't be ignored.
From potential security breaches to increased...
German police arrested a 20-year-old student - living at home with his parents - who they say confessed to leaking contact details and sensitive information for an estimated 1,000 German celebrities, journalists and politicians, including Chancellor Angela Merkel.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
The latest version of the NIST Cybersecurity Framework - Version 1.1 - includes more information on supply chain risk management, authentication, authorization, identity proofing and self-assessing cybersecurity risk management, says Matthew Barrett of the National Institute of Standards and Technology.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
A database security blunder revealed on Friday serves as a reminder that the days of SMS-based authentication should be over. The exposed database, which wasn't protected by a password, contained 26 million text messages, many of which were two-step verification codes and account-reset links.
Is it realistic to think the end of our dependency on traditional user names and passwords is in sight?
While user names and passwords may not be phased out in the near-term, eventually there will not be online services that have anything of value that don't offer multiple types of two-factor authentication....
As we approach 2019, is it realistic to think the end of our dependency on traditional user names and passwords is in sight? Shane Weeden, and authentication expert with IBM Security, discusses the future of authentication and why he's encouraged by the FIDO2 initiative.
You don't have to be a bank to serve customers online, and even if your customer accounts do not hold money, they still hold value - one that cybercriminals will take advantage of. As customers come to expect services to be available online as the standard, more businesses will have to learn to adapt to the digital...