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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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How Multi-factor Authentication Can Benefit Your Industry

Rocket Software

For almost every industry, multi-factor authentication can be beneficial. What is Multi-factor Authentication? Multi-factor authentication (MFA) is any password that requires multiple steps or components to facilitate logging in. It isn’t a specific means of confirmation, but it can include various password components.

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E-Verify’s “SSN Lock” is Nothing of the Sort

Krebs on Security

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future.

Passwords 289
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Karma Catches Up to Global Phishing Service 16Shop

Krebs on Security

For example, in 2019 McAfee found that for targets in Japan, the 16Shop kit would also collect Web ID and Card Password, while US victims will be asked for their Social Security Number.

Phishing 192
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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.

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Top 5 Cyber Security Risks for Businesses

IT Governance

Organisations can also protect employees’ accounts by implementing MFA (multi-factor authentication). This is a security mechanism that requires people to enter a second piece of information in addition to a password in order to log on. MFA authentication can also be used to protect organisations from the next risk on our list.

Risk 144
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New EU Strong Customer Authentication Standards: Implications for Payment Service Providers

Data Matters

Under the revised Payment Services Directive (2015/2366) (PSD2), the European Banking Authority (EBA) and the European Commission were required to develop and adopt regulatory technical standards on strong customer authentication and common and secure open standards of communication. STRONG CUSTOMER AUTHENTICATION. What is SCA?