Increasing KYB Coverage, Is your SSO on point, & The Future of Identity Management - Vibhuti Sinha, Tarvinder Sembhi, Chris Simmons - ESW #365

Several recent trends underscore the increasing importance of Know Your Business (KYB) practices in today's business landscape. One significant trend is the rise in financial crimes, including money laundering, fraud, and terrorist financing. Technological advancements have transformed the way businesses operate, leading to increased digitization, online transactions, and remote customer interactions. While these developments offer numerous benefits, they also create opportunities for criminals to exploit vulnerabilities. Higher value remote transactions are performed at higher volumes. In addition, government programs such as the PPP program created a need for onboarding business quickly. This created a influx of fraudulent entities and claim who are now exploiting other channels. The convergence of these trends highlights the critical role of KYB in safeguarding businesses, ensuring regulatory compliance, and fostering trust among stakeholders in today's dynamic and interconnected business environment.

Segment Resources: https://files.scmagazine.com/wp-content/uploads/2024/05/idi-Identiverse-Brochure_05-2024-KYB-PRINT.pdf

This segment is sponsored by IDI. Visit https://securityweekly.com/idiidv to learn more about them!

From wrestling with integration complexities to managing unexpected glitches, the realities of SSO implementation can produce very different results than what you want. Are users actually using SSO to login or are they still using the direct logins they gained before enabling SSO? We explore the reasons behind why SSO efficacy isn't always what it seems and what you can do about it.

This segment is sponsored by Savvy. Visit https://securityweekly.com/savvyidv for a no cost SaaS-Identity checkup!

With identity being the new security perimeter, identity platforms are now an integral part of the core security stack. Inherently these platforms are complex and it takes months and years for organizations to realize the business value. And this is going to get worse. The sheer volume and velocity with which new identity types are being added, as well the sophistication of attacks on identity platforms, requires a transformational shift to Identity security and governance. 50% operational efficiency and delivering security at scale are the two big initiatives which organizations have embarked on. In this session, Vibhuti Sinha, Chief Product Officer of Saviynt will share his insights and discuss how Saviynt is at the forefront of this transformation.

This segment is sponsored by Saviynt. Visit https://securityweekly.com/saviyntidv to learn more about them!

Show Notes: https://securityweekly.com/esw-365