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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy. Have you thought about what can be done with this device to enhance identity authentication?

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Don’t gamble with your identity verification practices

CIO Business Intelligence

I also emphasized that companies need to urgently review their employee access protocol, writing that companies must “ make it a point to do continuous employee training to help your teams avoid being duped by phishing and malware tactics.” According to reports, MGM and Caesars were both customers of identity management company Okta.

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Microsoft’s ‘Verified ID’ will confirm that LinkedIn members actually work where they say they do

GeekWire

Employees of companies that issue credentials using Microsoft’s Verified ID will see a prompt in LinkedIn to verify their workplace. Employees of participating companies will see a prompt in LinkedIn to confirm their workplace using these credentials. Microsoft acquired LinkedIn for more than $26 billion in 2016.

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T-Mobile’s massive data breach leaked info for 5.3 million additional customers

The Verge

The news about T-Mobile’s latest data breach is only getting worse, as the company announced new details from its investigation. That kind of data could be used to track mobile devices or assist in SIM swapping attacks where someone hijacks your phone number to intercept two-factor authentication codes or other information.

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The AI cat and mouse game has begun

CIO Business Intelligence

If you are a CIO or CISO and haven’t yet read this article – Finance worker pays out $25 million after video call with deepfake ‘chief financial officer,’ you should and then share it with your entire company. It could save your company millions, and potentially much more. Two-factor authentication practices just won’t cut it.

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T-Mobile investigating report of customer data breach that reportedly involves 100 million people

The Verge

Motherboard reported that it was in contact with the seller of the data, who said they had taken data from T-Mobile’s servers that included Social Security numbers, names, addresses, and driver license information related to more than 100 million people. After reviewing samples of the data, Motherboard reported it appeared authentic.

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Facebook verified a fan page posing as Elon Musk

The Verge

To be clear, the page isn’t pretending it’s Musk; it openly states that it’s a fan page in its About section (emphasis ours): Musk owns a Tesla Roadster car 0001 (the first one off the production line) from Tesla Motors, a company in which he is an early investor. Verification is a challenge for big social media platforms.

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