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Businesses are still not implementing all the safeguards available to them to manage and control access for the right users to their systems and reduce the risk of crimes such as electronic identity theft, a new DTI survey shows.
Just 1% of companies have a full identity and access management system in place, even though organisations that do did have all identity and access management safeguards in place, reported that not a single identity-related security incident occurred
Andrew Beard of PricewaterhouseCoopers, who led the survey, commented: "Identity theft and phishing
are on the increase, particularly in financial services and telecoms providers.
Several businesses reported daily attacks of this nature.
"It is all the more important therefore that companies adopt an integrated
approach to identity and access management; those that have, are seeing real
benefits from their investment.
"At the moment, regulatory compliance is the key driver of security expenditure
rather than the business opportunities to be derived from it.
"Too many companies are still relying on single factor authentication techniques
such as user ID and passwords.
"More companies need to follow the lead of the few larger businesses which
are using stronger methods to authenticate their users."
Source:
Credit Control Journal
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