In the ever-evolving world of technology, acronyms seem to multiply faster than ever before! From AI to IoT to CRM and SaaS, it cab be tricky to keep up to speed and make sense of what they all mean. One area that is no exception to this acronym explosion is Identity and Access Management (IDAM). As businesses increasingly prioritize data security and user privacy, IDAM has become a crucial component of their overall digital strategy.

The world of fantasy gaming is expanding at an unprecedented rate. With the rise of mobile gaming and the increasing popularity of sports, it has become easier than ever to start your own fantasy gaming app. However, the growth of the industry has also led to a rise in fraudulent activities and illegal practices. As a result, KYC (Know Your Customer) solutions have become a crucial aspect of any fantasy app.

In recent years, several major cyberattacks targeted critical infrastructure in Australia, including a major telecommunication company, which suffered a devastating data breach in September 2022. Soon after this cyberattack, Australia’s biggest health insurer also faced a ransomware attack in October 2022 that caused systems to go down. Customers could not access services through the company’s website or app.

Andy Thompson, Offensive Security Research Evangelist at CyberArk Labs, returns to Trust Issues for a dive with host David Puner into the latest developments in the world of ransomware. With ransomware events on the rise, Thompson sheds light on the alarming trend of data exfiltration and double extortion. But what’s causing this surge? Thompson connects the dots between the rise of digital identities and the increasing frequency of ransomware attacks.

In today’s digital world, online businesses face challenges in acquiring customers, meeting their demand for secure transactions, ensuring KYC compliance and dealing with the rising cases of fraud.

For online gaming, player onboarding and Know Your Customer (KYC) processes are critical components of player engagement, retention, and compliance. Effective onboarding ensures that players can easily and quickly start playing games, while KYC helps protect operators from fraud, money laundering, and underage gambling. However, these processes can also create friction for players, leading to drop-offs and abandonment.

Twitter’s recent decision to turn off SMS two-factor authentication (2FA) for non-Twitter Blue users created a stir. While media and tech pundits questioned the company’s motives, many users complained of losing a universal security measure behind a paywall.

The faster an identity breach is detected, the faster an organization can take steps to reduce the impact of the data breach. Faster detection times and notifications to impacted staff and organizations can result in lower data breach recovery costs and help save a company’s reputation.

One of the guiding principles for organisations, whether they are major corporations or small firms, is to ensure compliance. Enforcing compliance helps organisations to adhere to fraud prevention guidelines, identify rule infractions, and shield a corporation from unwarranted penalties and legal action. PAN verification is one such crucial process before onboarding consumers, clients, and third parties in order to remain compliant and within the law.