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Passwordless MFA for Customers: How to Fortify Security without Introducing Friction

CIO Business Intelligence

Password-based authentication is likely the most widely used method of authenticating users to online services. Password-based authentication is used because it is easy to understand and implement. However, this comes at the cost of weak security and a poor user experience. Password-based authentication isn’t working.

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Four of the Biggest Financial Data Breaches of 2019

Galido

Perhaps not surprisingly, banks, insurance companies, and other financial-service firms are 300 times more likely to suffer from a cyber-attack than other industries. What caused the security failure is not yet known, but the exposed documents were viewable to anyone without the need for authentication.

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CIAM Balancing Act: Security vs. Customer Experience? Which Should Win in Today’s Landscape?

CIO Business Intelligence

According to a survey by Telus International, over 70% of Americans plan to continue shopping, banking and engaging in e-health and wellness activities [1]. Providing a passwordless authentication experience leveraging WebAuthn and FIDO can solve both problems, giving organizations the win-win solution they need to remain competitive.

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NASCO data breach exposes 800k users

Dataconomy

This security breach happened due to a cyberattack on files stored on their MOVEit servers. NASCO, which handles benefits administration for Blue Cross and Blue Shield health insurance customers, fell victim to this attack on their MOVEit Transfer software. Breaking down the Okta Data Breach : What happened?

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. IT security (53%). Talent (87%).

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CIOs Look For Ways To Fool Hackers

The Accidental Successful CIO

To do this we invest a great deal of money and time in setting up fire walls, implementing two-factor verification, and a host of other security features. Once any of the decoys are either accessed or probed in any way, a centralized console alerts the network security team, so they know to start investigating the source of that activity.

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Seven Massachusetts Cities Join Forces to Bolster Cybersecurity Posture

SecureWorld News

We use this type of model for our 'Whole of State' approach to security in North Dakota," says Michael Gregg, CISO for the State of North Dakota. Small entities struggle with the cost of security services. Residents don't have a choice of whether or not to share payment/banking information to pay property taxes or traffic tickets.