Insurers and banks have a high risk of becoming victims of
cyber criminality when it comes to Digital ID Management
Insurers and banks have always been in the focus of cyber
criminality, as they have sensitive data to protect. Consequently,
they have implemented various security measures to ensure that
their systems and data are protected. However, the existing
measures are often insufficient when it comes to the management of
digital identities: the past has shown that major cyber risks and
resulting cyber attacks are often related to the Digital ID
ecosystem.
Examples include social engineering attacks that aim to trick
employees or customers to provide sensitive data such as login
credentials or financial information to criminals, or malware and
ransomware attacks where malicious software is used to gain
unauthorized access to systems or data.
