article thumbnail

UK ‘open banking’ efforts provide case study in risks, rewards tied to digital transformation

SC Magazine

A quasi-governmental entity in the United Kingdom is rolling out a new tool designed to boost fraud protections among open banking partners, offering an interesting lesson in risk management amid digital transformation. Indeed, the evolution of security efforts in the U.K.

article thumbnail

The Digital Trust Factor. Have We Got It All Wrong?

Jane Frankland

Their research also underscores the correlation between high digital evolution, momentum, and user engagement, signifying the importance of seamless user experiences and consumer willingness to adopt new technologies. This makes sense, especially considering the relationship between trust, digital transformations and cybersecurity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Modern Approach to Authentication for Modern Times – Simple, Accurate & Frictionless

Security Boulevard

million identity theft and fraud reports in 2020 – up from 2.4 And because organizations face these fraud challenges while pursuing digital transformations, it’s increasingly clear that their …. With the US Federal Trade Commission (FTC) revealing that it received 3.6

article thumbnail

Top of Mind Security Insights from In-Person Interactions

Cisco Security

Digital transformation and Zero Trust . Regardless of where organizations are on their digital transformations, they are progressively embarking upon journeys to unify networking and secure connectivity needs. Data privacy is getting personal . Security incidents targeting personal information are on the rise.

article thumbnail

XM Cyber’s Cybersecurity Predictions for 2023

CyberSecurity Insiders

In addition, digital transformation and WFH have not just expanded the attack surface, but created completely new ones that are difficult to control and intertwined with core business processes – like the home computer an employee might use to connect to a company’s ERP system. Shay Siksik, VP Customer Experience.

article thumbnail

Five key trends that will shape digital identity and security in 2022

CyberSecurity Insiders

Increased adoption of identity wallets for citizens . Identity theft and financial fraud increased massively over the past couple of years, with fraudsters taking advantage of vulnerable people during the pandemic to get access to their personal information and assets.

article thumbnail

Healthcare – Patient or Perpetrator? – The Cybercriminals Within

Security Affairs

Identity theft takes on a whole new meaning when a bad actor gets ahold of your PHI. The industry is undergoing a digital transformation and is becoming increasingly reliant on technology and, more importantly, Internet of Medical Things (IoMT) devices. Our PHI is engrained within us; medical history cannot get changed.