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Mitigating Credential Compromise: Info-Tech Publishes Blueprint for Modern Authentication and Safeguarding Digital Identities

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Global research and advisory firm Info-Tech Research Group has released research insights on identity authentication practices. The firm offers a comprehensive roadmap for organizations to enhance their identity authentication practices and safeguard digital identities. This new blueprint is a crucial resource for security leaders looking to strengthen their organization’s security posture and protect against an increasingly complex and evolving landscape of cyber threats.

TORONTO, Aug. 26, 2024 /PRNewswire/ – With cyber threats continuing to escalate and digital identities becoming increasingly vulnerable, traditional authentication methods are proving inadequate. Organizations are now facing growing pressure to adopt more sophisticated approaches to identity management. To address these challenges, Info-Tech Research Group has published its blueprint Modernize Your Identity Authentication Practices. This resource provides security leaders with the tools and strategies needed to develop a robust authentication framework that adapts to the demands of the modern digital world.

“As we continue to shift to a world where our digital footprint is expanding, it is important to ensure we protect our digital identities against the known and unknown threats that have negatively impacted organizations’ authentication practices,” says Ahmad Jowhar, research analyst at Info-Tech Research Group. “The rise in credential compromise attacks, coupled with the weak authentication measures of traditional methods, depicts the need for a framework that will protect user identities while enabling continuous improvement in an evolving threat landscape.”

The firm’s resource stresses the need for organizations to modernize identity authentication processes to mitigate risks associated with credential compromise. By implementing an advanced authentication framework, organizations can enhance security, reduce vulnerabilities, and protect digital identities from increasingly sophisticated threats.

“A modernized authentication roadmap would leverage industry standards to assess an organization’s risk posture and existing methods, helping to determine the most appropriate authentication levels and associated practices,” explains Jowhar. “The roadmap would also ensure that critical identities are prioritized and deployed with applicable standards, policies, and metrics that encompass authentication best practices. By developing and implementing a plan to modernize authentication practices, organizations can continuously improve their authentication lifecycle and identity and access management program.”

In the blueprint, Info-Tech highlights the importance of developing a dynamic and adaptive identity authentication strategy. By focusing on continuous improvement, organizations can address immediate threats and anticipate future challenges. The firm advises organizations to adopt a risk-based approach to authentication, incorporating technologies such as multifactor authentication (MFA) and adaptive authentication to strengthen security. This proactive strategy ensures that authentication practices remain resilient and scalable as the digital landscape evolves.

To guide security leaders and their organizations through modernizing identity authentication practices, the blueprint details the following three critical areas of focus:

Determine Current Authentication Assurance Levels (AALs): Evaluate existing authentication methods to ensure alignment with the organization’s risk profile. This includes identifying the most appropriate authentication levels based on specific threats faced.Develop Authentication Roadmap: Establish internal benchmarks, create budgets, and streamline the implementation process to effectively manage authentication initiatives. Doing so ensures the initiatives align with the organization’s overall security strategy.Deploy Authentication Roadmap: Implement the appropriate authentication solutions by formalizing policies that align with organizational goals to ensure that the authentication framework is scalable and adaptable to future challenges.

Info-Tech’s new research-backed blueprint emphasizes the need for a dynamic and adaptive approach to identity authentication. The recommended approach ensures that organizations are not only well-prepared to address current risks but are also positioned to proactively anticipate and mitigate future challenges. By adopting the firm’s recommended strategies, organizations can build robust authentication frameworks that safeguard digital identities and maintain security in an increasingly vulnerable digital landscape.

For exclusive and timely commentary from Info-Tech’s analysts on this topic, including Ahmad Jowhar, an expert in cybersecurity and identity authentication, as well as access to the complete Modernize Your Identity Authentication Practices blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024 Conference

Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier IT industry event will also offer journalists, podcasters, and media influencers access to exclusive content, the latest technology research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or to gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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New GFT research reveals 1 in 4 Brits keep cash on hand amid growing IT failure concerns

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Research reveals mounting worries amongst UK banking customers about IT outages at financial institutions

LONDON, Jan. 8, 2025 /PRNewswire/ — As digital banking becomes the norm, over a third (34%) of Brits are worried about the potential of IT failures at their banks, and 25% now keep cash on hand as a precaution against outages.

This trend reflects the growing uncertainty consumers feel about the reliability of digital financial services, as the availability of in-person banking continues to decline.

Over the past year, one in six (17%) people have been affected by IT failures within their banks, facing an average disruption time of six hours, with customers unable to access their funds or pay for essential goods and services.

This data comes from GFT’s latest Banking Disruption Index, a bi-annual assessment of consumer sentiment towards digital banking.

The research also uncovered growing concern about the security and resiliency of third-party technology providers supporting banks, with 38% of respondents worried about the potential of these organisations to cause an IT outage at a bank, highlighting a broader scepticism around the security and reliability of outsourced digital services.

Additionally, 42% of those surveyed said they were wary of cyber-attacks, fearing that an outage could lead to personal information theft. This underscores the growing expectation for banks to protect both consumer data and access to funds.

Richard Kalas, Client Solutions Director, Retail Banking at GFT, said: “These findings reveal a clear disconnect between the rapid digitalisation of banking services and consumer confidence around the security and resilience of these measures. While digital banking offers numerous benefits, it’s essential that banks continue to clearly demonstrate the various measures they are taking to ensure all critical customer services are resilient.”

The role of banks in enhancing security

As digital banking continues to grow, so do consumer concerns about security and reliability. In response, banks are under increased pressure to strengthen their resilience strategies, ensure operational stability, and better safeguard customers.

To meet these expectations, financial institutions must continue to invest in robust IT infrastructure and cybersecurity measures, and partner with trusted organisations to effectively prevent and swiftly recover from outages.

What’s more, under recent Payment Systems Regulator (PSR) guidelines effective from 7th October, banks must now refund fraud victims up to £85,000 within five days. By shifting a significant portion of responsibility back to banks, the regulation reinforces the importance of customer protection and proactive fraud prevention.

To download the full Banking Disruption Index report, please follow this link.

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View original content:https://www.prnewswire.co.uk/news-releases/new-gft-research-reveals-1-in-4-brits-keep-cash-on-hand-amid-growing-it-failure-concerns-302345598.html

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Route Mobile Partners with PT MRT Jakarta to launch first-of-its-kind WhatsApp ticketing via vending machines and Email

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MUMBAI, India, Jan. 8, 2025 /PRNewswire/ — Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider, has partnered with PT MRT Jakarta, Jakarta’s premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey.

With over 91,000 daily riders and 33.5 million annual ridership, Jakarta MRT plays a vital role in the city’s transportation infrastructure. Currently, it operates a North-South line with 13 stations, from Lebak Bulus to Bundaran HI, serving as a critical transit route that alleviates traffic congestion and improves urban mobility.

Through this innovative WhatsApp solution, passengers who purchase tickets from MRT Jakarta vending machines will receive the following three automated messages to simplify their journey:

Easy-to-follow instructions on using the QR codeA unique QR code to be scanned for entry at the origin stationA unique QR code to be scanned for exit at the destination

This multi-step WhatsApp engagement reduces friction, enhances user convenience, and significantly improves the commuter experience by enabling instant, reliable access to crucial travel details.

In addition to the core WhatsApp solution, Route Mobile is also supporting MRT Jakarta’s marketing initiatives by offering an email solution. This will allow MRT Jakarta to engage passengers through targeted email campaigns, sharing event updates, promotional content, special offers, and other relevant information that deepens customer engagement beyond their transit journey.

This strategic, one-year agreement will streamline the ticketing experience and introduce new marketing capabilities, enhancing customer engagement and convenience for MRT Jakarta commuters.

Gautam Badalia, Chief Executive Officer, Route Mobile, expressed his excitement about this pioneering collaboration, “We are honoured to partner with PT MRT Jakarta on this innovative project, which brings the convenience of WhatsApp communication to the MRT ticketing experience. With Route Mobile’s solution, customers will benefit from real-time information and seamless QR-based entry and exit, setting a new standard for public transit efficiency. We look forward to enhancing PT MRT Jakarta’s customer engagement through our WhatsApp and email solutions.”

About Route Mobile Limited (www.routemobile.com) (BSE: 543228) (NSE: ROUTE)

Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across various industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in Asia Pacific, the Middle East, Africa, Europe, and the Americas. Route Mobile is now a part of Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets.

Additional Resources

Follow Route Mobile on LinkedIn: https://in.linkedin.com/company/routemobilelimited
Become a fan of Route Mobile: https://www.facebook.com/Routemobilelimited

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BIT Mining Limited Announces Results of Annual General Meeting

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AKRON, Ohio, Jan. 8, 2025 /PRNewswire/ — BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the “AGM”) held on January 7, 2025.

At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

For more information:

BIT Mining Limited
ir@btcm.group
Ir.btcm.group  
www.btcm.group  

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com

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SOURCE BIT Mining Limited

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