Blog posts by Martin Kuppinger

Blog

Blockchains go mainstream – IBM and Crédit Mutuel Arkéa blockchain implementation for KYC

IBM and the French Crédit Mutuel Arkéa recently launched the completion of a blockchain project that helps the bank verifying customer identities and remain compliant with KYC (Know Your Customer) requirements. In contrast to common, transaction-focused use cases for blockchain implementations, the focus in that case is on having a tamper-resistant, time-stamped ledger that supports the bank in identifying their 3.6 million customers. Customers, even more in banks with a lot of branch offices, have a variety of systems for managing customer identities. With the...

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Know and Serve Your Customer: Why KYC is not enough

Know and Serve Your Customer: Why KYC is not enough Today’s connected businesses need to communicate, collaborate and interact with their customers in a way that’s more flexible than ever before. Knowing and, based on that knowledge, optimally serving the customer is key to success in the Digital transformation. Customer-facing IAM needed With the accelerating digital transformation, we intrude deeper into the subject of customer identity management than ever before. Several external drivers change economic partnerships, such as a different competitive landscape,...

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Security & Privacy by Design is Agility by Design – time to rethink Banking IT

81 million dollars, that was the sum hackers stole from the central bank of Bangladesh this year in April by breaching the international payment system SWIFT. Three other SWIFT hacks followed quickly in other banks. SWIFT reacted by announcing security improvements, including two-factor authorization , after first remarks that the reasons for the successful attacks lie with the robbed banks and their compromised systems. Whoever has made a mistake here, maybe all involved parties, the growing number of cyberattacks against banks is not really surprising, since hackers tend to go...

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Vista Equity Partners to Acquire Ping Identity

Yesterday, Ping Identity announced the intent of Vista Equity Partners to acquire it. Ping Identity is a privately held company backed by venture capital, and will become acquired by a private equity firm. This acquisition is no real surprise to me. We have seen a few private equity deals in the past years, with SailPoint and NetIQ becoming acquired by Thoma Bravo (with the most of NetIQ’s business now being part of Micro Focus) or Courion becoming acquired by K1 Investment Management. Ping Identity has grown massively over the past years, so this acquisition is a logical step in...

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IoT (or IoEE): Product Security Is Becoming a Strategic Risk

For a long time, IT risks have been widely ignored by business people, including Corporate Risk Officers (CROs) and C-level management. This has changed recently with the increasing perception of cyber-security risks. With the move to the IoT (Internet of Things) or, better, the IoEE (Internet of Everything and Everyone), we are beginning upon a new level. When a company starts selling and deploying connected things, this also raises product liability questions. Obviously, goods that are connected are more in danger than goods that aren’t. Connecting things creates a new type of...

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Complexity Kills Agility: Why the German Reference Architecture Model for Industry 4.0 Will Fail

The German ZVEI (Zentralverband Elektrotechnik- und Elektroindustrie), the association of the electrical and electronic industries, and the VDI (Verein Deutscher Ingenieure), the association of German engineers, has published a concept called RAMI (Referenzarchitekturmodell Industrie 4.0). This reference architecture model has a length of about 25 pages, which is OK. The first target listed for RAMI 4.0 is “providing a clear and simple architecture model as reference”. However, when analyzing the model, there is little clearness and simplicity in it. The model is full of...

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Free MFA on Windows for the masses

Cion Systems , a US-based IAM (Identity and Access Management) vendor, recently released a free service that allows Windows users to implement  two-factor authentication. It works only for Windows and supports either a PIN code sent via SMS (not available in all countries) or a standard USB storage key as the second factor. Thus, users can increase the security of their Windows devices in a simple and efficient manner, without the need of paying for a service or purchasing specialized hardware. Their free service is based on the same technology Cion Systems is using for their...


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