Pandemic reveals early winners in digital finance race
2020 was already shaping up to be a busy year and that was before the pandemic hit, OneSpan’s director of global regulations and standards Michael Magrath said.
Mr. Magrath said the COVID-19 pandemic impacted the financial services industry by forcing many institutions to immediately change their service models. While closing branches is nothing new, closing them all at once is. The banks who most successfully adapted tended to be the ones who were proactive in implementing their onboarding capabilities prior to the pandemic as they developed competitive advantages through streamlining various processes. Those who had not addressed these areas had to learn quickly if they hoped to retain business.
Happy Identity Management Day
Every dog has its day as the saying goes and it s increasingly the case that every aspect of information technology has one too a day that is, not a dog.
Today is Identity Management Day, created by the The National Cybersecurity Alliance and the Identity Defined Security Alliance. It s the first one so you can forgive the lack of greetings cards and themed balloons in the shops but there is plenty of industry comment.
Anurag Kahol, CTO and co-founder of Bitglass says, Identity Management Day emphasizes the importance of protecting our digital identities (which is increasingly critical as the acceleration of digital transformation efforts opens new doors for threat actors). With many internet users holding dozens of online accounts across various services, it has become more difficult for them to memorize numerous, complex passwords. Unfortunately, password reuse has become a common malpractice that increases the chances of account hijacking when o
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