How ‘explainable’ AI is boosting trust within the financial sector

AI is certainly proving its value in the financial services industry, with applications ranging from identifying fraud and fighting financial crime, to supporting innovative new digital experiences for customers. However, the advance from traditional rule-based models into machine learning for decision-making is creating a new wrinkle for financial institutions.  Without proper steps to ensure trust in decision-making with machine learning …

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Employees push back on zero trust ambitions

Zero trust may be seen as a great method of securing a company perimeter from both internal and external threats, but to make it a reality, everyone needs to be on board. However, a new report from zero trust segmentation firm Illumio suggests employees are pushing back on the initiative, due to an unwillingness to change and concerns about their …

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More and more companies are increasing their zero trust security budgets

Zero trust, a cybersecurity model whereby no devices are trusted on the network by default, is taking the world by storm. According to a new report from identity management firm Okta, zero trust has increased in priority for more than three-quarters (78 percent) of businesses. Today, almost all companies (90 percent) are working on a zero trust initiative, up from …

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Fraud campaigns are creating a trust issue for businesses

For a consumer to lose trust in a business, all it takes is for a scammer to attempt to impersonate the brand. The scam doesn’t have to be affiliated with the business in any way, and the attacker doesn’t even have to be successful in their attack, but the company will still suffer. This is according to a new report …

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Why are enterprises transitioning from MFA to zero trust security?

Zero trust is a new way of thinking about breaches. It says that no person – not even the most important ones — should be trusted. In theory, if a user passes an additional barrier for access (e.g., question-answer-based multi-factor authentication), businesses can trust that they are who they claim to be.  In practice, we know this is not always …

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How businesses are making way for zero trust

Traditionally, the companies used to work on a castle-and-moat security principle. In this model, it is not easy to obtain access to the application from outside the network. However, anyone inside the network is considered a trusted source by default. The issue with this system was that once anyone gained access to the network, the attacker could easily access all …

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Management still doesn’t trust employees to be productive from home

While many employees claim the shift to remote working has actually made them more productive, most decision-makers aren’t convinced.  According to a new report from software company LogMeIn, just five percent of decision-makers believe their remote workers are actually more productive, and the vast majority (70 percent) consider office workers more trustworthy. On the other hand, more than half (56 …

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Microsoft, NSA advocate zero trust cybersecurity model

Microsoft and the US National Security Agency (NSA) have advised public and private sector organizations to follow a zero-trust approach to cybersecurity. The zero trust approach, which operates under the assumption that the network has already been breached and that every device and app needs authorization, is said to be the most efficient way to tackle advanced cybersecurity threats. As …

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Compliance and trust: The right perspective on data security and privacy

Data privacy no longer concerns only legal teams. It has become a cross-functional business imperative that everyone from legal, to marketing, to IT must understand and pay attention to. In the two plus years since the General Data Protection Regulation (GDPR) was introduced, we’ve seen companies continue to suffer data breaches, and non-compliance in legislations leading to massive fines. Together, …

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