Combating Identity Theft
Identity theft is the major security concern facing organisations today. Indeed, for the banking industry, it is the number one security priority for 2006. In a recent survey of security budget holders and influencers of UK banks, 73 per cent of respondents cited identity management as the top transaction security concern.
The survey also showed that identity management has moved from being fifth to the most important driver for transaction security spend in UK banks. In addition, the number of UK banks assigning separate budgets for identity management has risen from 22- to 60 per cent since 2003. BIOS: The Quality Tech Guide
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