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There is no real solution to stop identity theft immediately but the big tech trend is to focus on requiring stronger forms of authentication. And that's where security companies come into play,

There is no real solution to stop identity theft immediately but the big tech trend is to focus on requiring stronger forms of authentication. And that's where security companies come into play.

Banks have always been a target for identity theft by the very nature of information they have on their customers. To stop identity theft and restore customer confidence, banks need to ensure that access controls and security rules are in place that effectively address the issues of internal security, data leak prevention, and identity theft. Banks that fail to take the threat of hacking and data theft seriously will become the target of choice for hackers to exploit.

Kurt Shedenhelm

Pex Tufvesson developed the music program Noisetracker. Business leaders have a high level of awareness of network security these days, and identity theft has become the clear focus. Companies need to protect employee, customer and vendor information.

ITAC was driven by [financial services] CEOs who recognized that identity theft was a huge problem for their customers and their companies, ... They realized they were doing a good job of helping their customers within their four walls, but also understood that identity theft goes beyond these walls to other companies. ITAC reduces the frustration and delay associated with the consumer experience [of restoring their identity].

Identity theft has become so common now that it's a dinner table topic. Your information is only as safe as the security of the companies who hold it, and 2005 has shown us that those companies are not doing a good job.

Sure, if you want your credit to be absolutely convenient, you would not select a credit freeze. But if you are a victim of identity theft, you would be happy to have that available to you. Ultimately, it is the only thing that will really stop identity theft.

Regulators are requiring all financial institutions to use multifactor authentication, layered security or other controls appropriate to the level of risk by December 2006. We were excited that Open Solutions developed a solution this quickly. It's very important for us to protect our customers' accounts, and we really feel the need for another layer of protection - especially for Internet banking. We volunteered to test Security Matrix as soon as Open Solutions offered it.

A security freeze is the strongest form of identity theft prevention for consumers. Only the security freeze gives the consumer the tool to put a stop to the opening of a new fraudulent account.

Gail Hillebrand

Hackers are starting to deploy tactics that bypass stronger authentication schemes. We have seen a Trojan program that did not have to trick victims out of revealing their password, but instead waited for the victim to check their bank balance and the Trojan then silently siphoned money out of the account. We expect this kind of activity to become more prevalent as banks move to stronger forms of authentication, as tactics typically change only when they need to.

System uptime, data protection, and identity theft are weighty issues. It takes real ingenuity to out-think the fraudsters who are trying to steal identities and hack into enterprise systems. The 12 smart companies that debuted security solutions today at DEMO have designed serious, and seriously clever, innovations.

Customers view enterprise single sign-on as a key requirement of a complete enterprise identity management solution. Integrating and delivering our market-leading enterprise sign-on solution with IBM 's Identity Management portfolio will help customers in all markets advance their identity management, strong authentication and compliance projects.

Marc Boroditsky

Customers view enterprise single sign-on as a key requirement of a complete enterprise identity management solution. Integrating and delivering our market-leading enterprise sign-on solution with IBM's Identity Management portfolio will help customers in all markets advance their identity management, strong authentication and compliance projects.

Marc Boroditsky

Today, RSA Security is proud to unveil a solution that uniquely addresses the full continuum of financial institutions' authentication needs: the combination of risk-based and one-time password-based authentication -- and a broad range of form factors for two-factor authentication -- are available from a single source rather than via a hodgepodge of partnerships. Moreover, RSA Adaptive Authentication is live and proven today, with its modules already deployed and protecting consumers at many of the world's leading financial institutions.

Today, RSA Security is proud to unveil a solution that uniquely addresses the full continuum of financial institutions' authentication needs: the combination of risk-based and one-time password-based authentication - and a broad range of form factors for two-factor authentication - are available from a single source rather than via a hodgepodge of partnerships. Moreover, RSA Adaptive Authentication is live and proven today, with its modules already deployed and protecting consumers at many of the world's leading financial institutions.

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