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A databreach could ruin your business overnight. Are you prepared to deal with regulatory fines, lawsuits, costly investigations, disrupted operations, and destroyed trust while cybercriminals profit freely from stolen data? That’s the harsh aftermath companies face today following high-profile breaches.
The following Deep Dive explores how robust digital identity practices can help mitigate both of these problems. Fraudsters often contact cell service providers and convince them that they are legitimate customers, using personal data previously obtained in databreaches to prove their identities.
Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise. According to Breach Clarity CEO and Co-founder Jim Van Dyke , this isn't to say that organizations' security investments are failing.
It’s why — even before the Equifax databreach — firms were exploring advanced technologies to improve security, such as biometrics. Historically, in a multifactorauthentication scheme, the combination of all those data elements was what prevented the bad guys from getting access. The scariest part of all of this?
Make sure that your SaaS billing platform is fully compliant with PCI DSS security regulations and can securely store credit card data on file via payment tokenization. This gives both you and your customers confidence that databreaches can be avoided. Data security and privacy.
Databreaches and ransomware attacks were also flagged as significant risks. The introduction of strong customer authentication (SCA) was intended to enhance safety by requiring multifactorauthentication for transactions.
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