The following article, authored by Michael Magrath, Director, Global Regulations & Standards, first appeared 2/28/18 on CSO Online. The New York State Department of Financial Services (DFS) regulates over 1,400 insurance companies and approximately 1,500 banks and financial institutions1. Not surprisingly, with New York being the “financial capital of the world,” the overwhelming majority of U.S. financial institutions and many… Read more

Recent news accounts of security researchers discovering a database containing 1.4 billion breached credentials — reportedly, the largest such find on the Dark Web — is yet more evidence that online identity proofing that relies only on KBA (knowledge based authentication) and static passwords is no longer fit-for-purpose. The level of sophistication that cybercriminals bring to the dark web is… Read more