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Ping Identity launches new decentralised identity management solution
ing Identity , the intelligent identity solution for the
P enterprise , launched PingOne Neo , a multi-standards decentralised identity management solution . Neo improves data security , privacy and control for individuals while reducing resource and compliance burdens for enterprises .
Many digital services require verified information about people to do business . Neo simplifies getting verified information from a trusted source via verifiable credentials , whether that source is inside or outside of the organisation . Organisations can now verify without complex , expensive backend integrations that increase each organisation ’ s attack surface . Neo reduces the possibility of identity theft for individuals and improves security for organisations by instantly establishing trust with individuals based on their digital credentials .
“ Organisations spend significant time and money obtaining and verifying information from customers and employees , then attempt to determine access , entitlements and authorisations to remain secure and compliant ,” said Andre Durand , CEO and Founder of Ping Identity . “ Neo eliminates the manual resource burden from businesses while empowering individuals with their own data , reducing threats of fraud or identity theft while increasing privacy .”
Decentralised identity reduces the possibility of transaction fraud and account takeovers by helping ensure the person behind the credential is who they claim . With Neo , a person requests a verifiable credential from an organisation that is cryptographically signed and verifiable . The verifiable credential is then added to the person ’ s digital wallet and can be shared with the business that requires it . The individual is in complete control of what information gets shared .
Geopolitical tensions enabled increased hacktivist cyberthreats in 2022
S-ISAC , a member-driven , not-for-profit organisation
F that advances cybersecurity and resilience in the global financial system , has announced the findings of its annual Global Intelligence Office report , Navigating Cyber 2023 .
The latest report showcased the effect that Russia ’ s invasion of Ukraine had on the global cyberthreat landscape , sparking a flood of ideologically driven ‘ hacktivism ’. Driven from both sides of the conflict , the threats have increased substantially within the financial services sector , particularly for institutions in countries that Russia considers hostile . These threats can come from hacktivist groups or directly from the nation-states themselves . ransomware . The APAC region , home to a significant number of small- and medium-sized enterprises ( SMEs ) with limited resources and insufficient cybersecurity measures , has been particularly vulnerable to these attacks .
Steven Silberstein , CEO of FS-ISAC , said : “ Unfortunately , the growing involvement of non-state actors attacking on an ideological basis and the manipulation of information by malicious actors will continue to sow uncertainty across the landscape in actual and perceived security threats .” u
In Asia-Pacific ( APAC ), FS-ISAC members in the first half of the year reported rising concerns around the cyber impact of the Russia-Ukraine war and around state-sponsored attacks by China and North Korea . In the second half of 2022 , members reported an increase in cyber incidents involving impersonation of specific individuals .
According to a mid-December survey of members , APAC members consider ransomware to be a major threat , along with reports of rising cyber insurance premiums and exemptions for
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