Among the top five trends in the coming year are a decrease in successful attacks against multi-factor authentication (MFA), a proliferation of zero trust security approaches and a growing emphasis on API security.<\/strong><\/h5>\n\u201cAs we usher in 2019, the role of intelligent identity will only grow more critical,\u201d says Ping Identity CTO Bernard Harguindeguy.<\/p>\n
\u201cOur borderless world provides unprecedented freedom and convenience but also breeds a whole new set of cybersecurity risks and concerns.<\/p>\n
\u201cWith this in mind, it\u2019s critical that organisations effectively safeguard their data and applications in the new Zero Trust world that is fast becoming the norm.\u201d<\/p>\n
Here\u00a0are Ping Identity\u2019s top five cybersecurity predictions for 2019:<\/p>\n
1. Fewer successful MFA attacks<\/h2>\n
While MFA attacks increased in 2018 as predicted, the adoption of the W3C\u2019s WebAuthn by major browsers promises a solution when combined with FIDO CTAP authenticators.<\/strong><\/p>\nThese prevent phishing attacks by only allowing authentication requests from sites where they have been previously registered, providing greatly enhanced security.<\/p>\n
2. Cryptographic verification of identity<\/h2>\n
Identity authorities will increasingly use phone-carried credentials (e.g. mobile drivers licenses, national ID cards and passports) to verify identities.<\/strong><\/p>\nWhile privacy advocates argue that giving law enforcement access to your mobile phone could result in unwanted disclosure of private information, 14 US states are testing or have already implemented cryptographic identity verification, and China plans to issue a digital version of its national ID card.<\/p>\n
3. The death of corporate firewalls and rise of zero trust architectures<\/h2>\n
As identity becomes the new perimeter, zero trust architectures will replace firewalls and VPNs.<\/strong><\/p>\nEmployee-only applications are already accessible via the open internet.<\/p>\n
Security processes that previously required users to be on the corporate network – for example, two-factor authentication registration and password recovery\u2014will follow suit, requiring fresh approaches to authentication and validation of employees and external authorised users.<\/p>\n
4. More API-centric breaches and regulations<\/h2>\n
The API infrastructures responsible for providing easy access to data and applications are attractive targets for hackers and bad actors.<\/strong><\/p>\nBecause traditional enterprise security is woefully inadequate at protecting APIs, attacks can go undetected for months or years.<\/p>\n
Where they don\u2019t already exist, API-specific regulations and governance – and corresponding financial penalties – can be expected.<\/p>\n
5. Wider adoption of open banking standards<\/h2>\n
Building on the blueprint of the UK\u2019s Open Banking Standard, other countries will deploy similar open banking standards to spur innovation in their own nations.<\/strong><\/p>\nIn fact, Australia, Japan, New Zealand, Hong Kong and Canada are already working on them.<\/p>\n
Meanwhile, banks will race to update their existing IT infrastructures to prepare for these new security and API standards mandates, leading to a scarcity of specialists to tackle these projects.<\/p>\n
<\/p>\n
To read more about cybersecurity we recommend you to read this:\u00a0Open banking generates cybersecurity risks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ping Identity has released its annual cybersecurity predictions for 2019. Among the top five trends in the coming year are a decrease in successful attacks against multi-factor authentication (MFA), a proliferation of zero trust security approaches and a growing emphasis on API security. \u201cAs we usher in 2019, the role of intelligent identity will […]<\/p>\n","protected":false},"author":1,"featured_media":8176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[2,51],"tags":[],"class_list":["post-7068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-cyber-security"],"yoast_head":"\n
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