The Gold Standard
“Over 35% of breaches are committed by insiders, and in nearly all Advance Persistent Threat (APT) attacks today their identities are being used as an attack vehicle.”
As a financial institution, both your own standards and those imposed on you by customers and regulators are sky high. More often than not, a standard solution just does not cut it. Santeri Kangas, CTO, Omada notes why and how you deal with it.
Standards are high in the financial sector, also in terms of regulations for identity management and access governance, yet the risk of unauthorized access still persists.
“When we run audits in financial companies, we often find things that don’t meet the standards of the regulatory authorities,” Santeri Kangas, Chief Technology Officer, Omada, tells Berlingske Media’s Copenhagen Fintech magazine.
Kangas adds that in order to increase security and prevent data breaches, companies have to rethink their entire approach to managing the access and entitlements of their employees. An example is that today, many data breaches are committed by insiders.
“Over 35% of breaches are committed by insiders, and in nearly all Advance Persistent Threat (APT) attacks today their identities are being used as an attack vehicle,” he adds.
Having worked with numerous international players within the financial services sector, Omada has already developed the gold standard, meaning an advanced model for those with above the norm needs. Read more here.
Read and learn more about Omada’s identity management and access governance solutions.