Axis Systems Group

IDSA finds ‘almost a fifth’ of businesses see managing digital identity as a top security priority.
The Identity Security Alliance (IDSA), a non-profit group of identity and security vendors, solution providers, and practitioners, has found that almost a fifth of businesses – 17% – see managing digital identity as a top priority in their security program.

The top two reasons were identity frameworks being complicated by multiple vendors and different architectures, cited by 40%, followed by complex technology environments, which were cited by 39%.

The research also called on respondents to try and identify security outcomes that they feel could have prevented these identity security incidents, 96% of these felt that security measures could have lessened the business impact of the incidents.

The research also found that identity stakeholders identified the use of authentication and discovering user access rights and behavior as critical to addressing identity threats.

Many of the identity professionals surveyed show faith in the idea of passwordless identification, with roughly 79% calling it a great or solid technology.

“As cloud adoption, remote work, mobile device usage, and third-party relationships drive up the number of identities, more and more organizations are suffering from identity-related incidents... Protecting digital identities has never been more important in the fight against increasingly savvy cyberattacks. And while managing and securing identities continues to be called out as a top priority by organizations, meaningful shifts in proactive investment and leadership are necessary to reduce risk.”

IDSA finds ‘almost a fifth’ of businesses see managing digital identity as a top security priority | Biometric Update The findings came as part of 2023 Trends in Securing Digital Identities, an annual whitepaper on identity security released by the organization.

NRF Report Shows Organized Retail Crime a Growing Threat for Retailers.

Organized retail crime (ORC) is a perpetual and burgeoning problem for the U.S. retail industry, and evidence suggests it is growing in both scope and complexity, according to a new report released today by the National Retail Federation. The report, Organized Retail Crime: An Assessment of a Persistent and Growing Threat, was conducted in partnership with K2 Integrity, a global risk advisory firm.

“Organized retail crime has been a major concern for the retail industry for decades, endangering store employees and customers, disrupting store operations and inflicting billions in financial loss for retailers and the communities they serve... These concerns have grown in recent years, as criminal groups have become more brazen and violent in their tactics and are using new channels to resell stolen goods...

1. ORC groups largely target everyday consumer goods — which offer a favorable balance between ease of theft, monetary value and ease of resale. Only 11% of the ORC groups examined in the report targeted luxury goods.

2. The median ORC fencing operation handled about $250,000 in stolen merchandise prior to being apprehended by law enforcement.

3. ORC fencing operations rely on online marketplaces as one resale channel. About 45% of ORC groups for which fencing information was available used online marketplaces for resale operations....“Organized retail crime is growing as a real threat to the safety, operations and bottom line of retailers across the nation and now forms a part of the criminal and illicit financing landscape... “The ORC industry will grow more dangerous, complex and profitable, and its illicit proceeds will fuel more organized criminal networks and operations in the United States, globally and virtually, if more concerted action is not taken to disrupt these trends.

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