EDITOR ’ S QUESTION
IDENTITY MANAGEMENT DAY HAS COME AND GONE – WHAT IS ITS RELEVANCE IN 2024 ?
PATRICK HARDING , CHIEF PRODUCT ARCHITECT , PING IDENTITY
Businesses need to reevaluate their policies around keeping customer personal identifiable information . Up until recently , businesses often operated under the notion that the more customer data they amassed , the more value they could extract from it .
However , with the escalating risk of data breaches , this approach is no longer practical .
Identity Management Day is an opportunity to underline how a decentralized approach to identity can positively impact both security and digital experiences .
Not only does it eliminate a centralized source of information for hackers to attack , but it leads to greater privacy and trust and empowers individuals with the control over their identities – something incredibly valuable in a digital-first world .
The time is now to secure our workforce , build customer trust and deliver the seamless and secure digital experiences individuals deserve .
Instead , it ’ s becoming increasingly crucial for businesses to adopt a more cautious stance by collecting only the minimum amount of data necessary and implementing measures to either destroy or anonymise it after a certain period .
Anonymising data is a way of extending the value of the data while reducing the risk associated with storing personally identifiable information .
This shift in approach not only mitigates the potential impact of data breaches but also aligns with the principles of data minimisation and privacy protection advocated by modern data regulations .
JOHN SCOTT , LEAD CYBER SECURITY RESEARCHER , CULTUREAI
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