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Warning over digital identification authentication
Mar 29 2007, 15:40 PM
Businesses have been warned that a lack of identity authentication is fuelling a rise in a new breed of security risks.
A new report by the Economist Intelligence Unit has suggested that a lack of digital identity authentication is resulting in some serious security challenges as the business world becomes increasingly reliant on the internet.
"As the global network of suppliers, customers and payments becomes increasingly complex, companies must be able to verify whom they are dealing with and be able to grant or deny them appropriate access to information and assets," explained editor of the report, Rama Ramaswami.
He added: "Digital authentication must be considered and executed at a strategic level."
One of the main findings of the report was that 60 per cent of respondents are concerned about the unauthorised use of proprietary or competitive information.
A lack of identity authentication means that companies can face significant losses from fraud, as well as risks to their reputation.
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