03.28.2018 - The Retail Renaissance: From Storefront to Data Store

Part 1 of 3 in our series about Identity Access Management for Retailers. Retail businesses have always been customer-centric, but the definition of customer-centricity has changed. In the past, consumers were satisfied with attentive store associates and broad selections of goods. Now, they want a digital experience as well, and even if they’re not shopping online, they want to know they can trust a merchant to protect their personal data. And there’s plenty of data. Merchants are gathering customer data in unprecedented volumes, and those data stores are particularly attractive targets for cyber criminals. Last year alone, Kmart, Forever 21, Saks, and Brooks Brothers were just a few of the brands that made headlines when they failed to protect customer data from attackers. These thefts don’t go unnoticed by consumers. According to the KPMG Cyber Consumer Loss Barometer, 20 percent of shoppers surveyed said they’d stop shopping at a brand if it were breached. Over 30 percent said they’d postpone shopping at a breached brand for three months. Adding to the cost of lost business are the costs of remediation, business disruption, legal expenses, identity repair and monitoring, regulatory penalties, and other clean-up costs, which average about $7 million for every breach. Hackers may slip into a retail organization’s network by hopping over from a vendor’s network. A typical mid-sized vendor has hundreds or even thousands of trading partners, and no assurance that any one of those providers is mounting a strong defense of its networks. Merchants may invest heavily in security, but many don’t pay enough attention to their greatest vulnerability: identity and access management. They might as well put their entire business into a giant safe and scribble the combination right next to the lock. One might say, identity is today’s firewall. ...

03.22.2018 - Identity Blockchain: Identity Trust Fabric

While blockchain is the latest buzz in authentication and authorization, it does promise to offer consumers improved control over their digital identities, as well as add more security. Its most significant challenge in becoming a reality is the establishment of a digital trust foundation, or an identity trust fabric (ITF). ...

03.12.2018 - RealMe Integration Services from Optimal IdM

Wouldn’t it be nice if you could use a single login ID to renew your passport and driver’s license, see when mail was coming and pay government taxes all online? Well, if you’re from New Zealand, you may already be doing that and more with a service called RealMe. New Zealand’s Government is using RealMe to eliminate red tape and make doing things online easier and safer for individuals. If you’re interested in safe access management, contact Optimal IdM today or request a free trial of our IAM software. ...

03.6.2018 - Optimal IdM Awarded USF Fast 56

Leading Identity Access Management (IAM) solutions provider recognized as one of world’s fastest growing University of South Florida Bull-owned and Bull-led businesses ...

03.1.2018 - Using Context-Based Authentication and Authorization to Minimize Risk

One of the most exciting advances in identity protection today is context-based authentication and authorization. You may also hear it called “adaptive” authentication and authorization. Context-based access uses analytic data that an identity platform compiles as part of the authorization and authentication process to improve authentication methods. These analytic-enhanced authentication methods should be even more effective at enhancing consumer safety and reducing online fraud. ...

Tags

  • The database in which all of your organization’s sensitive identity data is stored.
  • A digital ledger in which digital transactions are recorded chronologically and publicly.
  • Securely managing customer identity and profile data, and controlling customer access to applications and services.
  • The means of linking a person's electronic identity and attributes, stored across multiple distinct identity management systems.
  • A legal framework that sets guidelines for the collection and processing of personal information of individuals within the EU.
  • The policy-based centralized orchestration of user identity management and access control.
  • An authentication infrastructure that is built, hosted and managed by a third-party service provider.
  • A security system that requires more than one method of authentication from independent categories of credentials to verify the user's identity for a login or other transaction.
  • A global provider of innovative and affordable identity access management solutions. 
  • Managing and auditing account and data access by privileged users.
  • Tools and technologies for controlling user access to critical information within an organization.
  • An authentication process that allows a user to access multiple applications with one set of login credentials.