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In 2020, consumer data is the most valuable asset for businesses, and cybercriminals are well aware of this fact. It’s no wonder that standards for protecting digital identities are one of the hottest topics today among CIOs and other executives.

Digital transformation is no longer optional. Your business either adapts and thrives, or stays the course and flounders. It’s as simple (and complex) as that. Every business is going digital, and it’s the role of the CIO to lead the vanguard when it comes to managing digital assets.

Digital Transformation: An Overview

Digital transformation is a double-edged sword. It has changed the way we do business, bringing goods and services directly to fine-tuned target demographics in a way we never could before. Social media, analytics, mobility, artificial intelligence, and automation, you name it. There are countless technologies opening up unprecedented marketing and client service avenues. …


Developer, tech entrepreneur and cybersecurity leader. Co-Founder and CTO of LoginRadius, a cloud-based consumer identity platform.

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Every day, we are creating and sharing data at an astounding rate. With each email, text, tweet, tap and stream, more data is available for companies to collect and use, and without sufficient protections, for hackers to exploit.

The collective sum of global data is predicted to grow from 33 zettabytes (33 trillion gigabytes) in 2018 to 175 zettabytes in 2025, according to a report from IDC and Seagate. As the vast amount of consumer data continues to grow each year, so does the prevalence of data breaches.


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2FA or MFA (Two or Multi-Factor Authentication)

The two-factor (2FA) or multi-factor authentication (MFA) method uses two or more factors to authenticate a user. It is considered more secure than the conventional single-factor authentication method described in the previous article (Guide to Digital Identity — Part 2).

Due to the digital age, so much of our lives are happening on laptops and mobile devices, and cybercriminals often attack our digital accounts. 2FA or MFA forms an extra layer of protection to provide a more secure authentication process and helps in slowing down the rate of cybercrime.

Two authentication methods, step-up and adaptive authentication, both use 2FA or MFA. …

About

Deepak Gupta

CyberSecurity innovator and author. Developer at heart. Proud Indian 🇮🇳 Co-founder/CTO of LoginRadius, a leading identity platform securing 1B+ IDs globally

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