How do we solve the identity crisis in a digital world?

CL3_CR1 2018-10-25T09:45:00.000Z

Conference Room 1
Stefania Palma
Singapore Correspondent
Financial Times
Victoria Richardson
Marc Bayle de Jessé
Director General Market Infrastructure and Payments
European Central Bank
Nick Abrahams
Global Head of Technology & Innovation
Norton Rose Fulbright
Michael Bui
Head of Identity and Access Management
Commonwealth Bank of Australia

We’ve reached the age where identity theft and 100M+ record mega-breeches aren’t shocking anymore. Aside from human error, the problem lies with malicious attackers, insiders or third-parties getting access to sensitive data where they shouldn’t. Digital identity is at crisis point and we need a holistic approach.

However, protecting data AND integrating old-tech legacy with new-tech APIs AND providing access control AND replacing passwords (that we forget) with risk-based authentication, will not be easy. When will we be able to trust service operators to provide convenience AND security? Cloud solutions? Standards? Will the market resolve itself and provide interoperability between public and private sector approaches?