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The Perfect Combination For Identity Management

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The Perfect Combination For Identity Management


By combining biometrics and blockchain, organizations can improve identity management.

Leveraging blockchain technology can sort out many identity management issues ranging from privacy risks to long waiting hours for document verification that can be easily addressed.

Be it the airport, workplace, or the banks, we are asked to provide our ID proofs just so often. Identity verification is not just commonplace but an important protocol across various services and sectors. Even though we all know that the identity verification process is carried out as a safety measure, we do not quite like it. For example, the tight security at airports, right from entering the airport to boarding a flight, has so many steps to identity verification. We are expected to reach airports an hour earlier just so we can get done with the verification in time. Security officers ask for IDs, verify them, and carry out the required verification process. Realizing the need for a positive, seamless, and pleasant flying experience, the airlines and airport authorities are tapping in the potential of biometrics. 77% airports will include biometrics for identity management in the next three years. Not only airlines but also workplaces have implemented biometrics for identity verification. Today, most of the organizations have a biometric device installed at their entrance that scans the physical features of the employee for verification.

The news on cyber frauds has shaken banks across the world, forcing them to think of solutions that would allow them to sit back and relax. Hence, banks today have switched to a frictionless and hassle-free verification process, which is, biometrics. Apart from biometrics, digital signatures are also one of the commonly used identity verification mechanisms. We provide credit card details for making online transactions. But before the payment, we are asked to verify our identity by entering the authentication code that is sent to our mobile phones. So OTPs are also a popular option for verification.

Different types of identity verification systems are used by different sectors. These identity verification processes require a strong platform that ably manages the data, claimer authentication, and defines access to resources too. When the conversation is about security, transparency, and most importantly, trust, one of the best technologies that could provide promising results is blockchain. Biometric and blockchain is expected to redefine the way identity and access management will operate in the near future.

Determining the Problems with Current Identity Management Models

The current identity management, model is based on the cloud. The identity data collected via biometrics is stored in a centralized cloud storage platform. In today’s time where all the information about customers is stored on a centralized cloud-based storage system, it gives a good opportunity to hackers for stealing the sensitive data. No matter how strong the security is, hackers manage to get hold of the data easily. Also, as the data is stored on a centralized database, third-party vendors come into the picture, which further increases the complexity and interferes with the privacy of data owners. In the case of online transactions, an identity management system typically involves the:

  • End user

  • Service provider

  • Identity provider

  • Control party

With too many stakeholders coming into the picture, the complexity, privacy, and security risks are heightened. Hence, there is a need to replace the current identity management models with a more, secure, efficient, and transparent identity management model. And blockchain fits really well into these requirements. Why? What is so special about blockchain?

Tapping the Potential of Blockchain

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Technically, blockchain offers a decentralized ledger that stores the data after the participant proves her identity. The technology uses strong encryption algorithms that make it super robust and secure. In simpler words, if a blockchain participant wishes to store the transactional data on the blockchain network, then she has to first input a validation code. Without entering the required code, the participant cannot store or access any data.

So, blockchain eliminates the complex traditional transactions, making it simpler for the sender and the receiver. As the traditional transactions involve third-party vendors for verification and authentication, the risk of data alteration and breach also increases. But with blockchain, worry no more! With blockchain, the participants on the network enjoy instant authentication with low transaction costs, no stress of middlemen, and high processing power.

Identifying the Role of Blockchain in Identity Management

We live in a digital world, where most of our personal life details can be found in some corner of the web. But, the question is do we really want our data to be viewed by just anyone? No, right? The data on our identity when stored on the cloud is at high risk of getting hacked. We may have no information on who, how, and where our data is being used. The sad part about this digital era is we don’t even know where our data is lying because we cannot access it. Some third-party enterprises are entitled to access, share, and control our data at their discretion.

With the help of blockchain, we would get complete control on who views, accesses, and shares our data. The problem of go-betweens gets eliminated, which is where most of our problem gets solved. No central power will rule the data. The transactions will be happening between the valid participants only. We can opt whom to provide access to. Every single activity will be reflected on the chain. Also, once the information is stored on the ledger, it remains forever. So, blockchain provides immutability too!

Combining Biometrics and Blockchain for Identity Management

Technology has revolutionized almost every aspect of our lives. From solving significant problems like cybersecurity threats to comforting our lives, technology has helped us tremendously. Earlier we had to provide our ID proofs for identity verification, But today biometrics is being heavily used instead. Technologies are making our life more convenient, no doubt. But, as new technologies emerge in the tech space, hackers try even harder to carry out their malicious activities. Similar is the case with biometric identity verification. The prying eyes of hackers are set on the cloud, where the biometric data is stored.

However, when one technology fails to offer its 100%, there is always another technology ready to fill in the lacuna created. And so enters blockchain technology! Blockchain and biometrics can be clubbed together to possibly fix all problems with the existing identity and access management systems. Don’t you think, blockchain and biometrics were meant to be together, like a pair made in heaven?



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Radware launches a spinoff of its cloud security business

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Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.


Radware, a provider of cyber security and application delivery solutions, has revealed the spinoff of its Cloud Native Protector (CNP) business to form a new company called SkyHawk Security.

To accelerate Skyhawk Security’s development and growth opportunities, an affiliate of Tiger Global Management will make a $35 million strategic external investment, resulting in a valuation of $180 million. Tiger Global Management is a leading global technology investment firm focused on private and public companies in the internet, software, and financial technology sectors.

Skyhawk Security is a leader in cloud threat detection and protects dozens of the world’s leading organizations using its artificial intelligence and machine learning technologies. Its Cloud Native Protector provides comprehensive protection for workloads and applications hosted in public cloud environments. It uses a multi-layered approach that covers the overall security posture of the cloud and threats to individual workloads. Easy-to-deploy, the agentless solution identifies and prevents compliance violations, cloud security misconfigurations, excessive permissions, and malicious activity in the cloud.

“We recognize the growing opportunities in the public cloud security market and are planning to capitalize on them,” said Roy Zisapel, Radware’s president and CEO. “We look forward to partnering with Tiger Global Management to scale the business, unlock even more security value for customers, and position Skyhawk Security for long-term success.”

The spinoff, which adds to Radware’s recently announced strategic cloud services initiative, further demonstrates the company’s ongoing commitment to innovation. Skyhawk Security will have the ability to operate with even greater sales, marketing, and product focus as well as speed and flexibility. Current and new CNP customers will benefit from future product development efforts, while CNP services for existing customers will continue without interruption.

Radware does not expect the deal to materially affect operating results for the second quarter or full year of 2022.

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How Sports Organizations Are Using AR, VR and AI to Bring Fans to The Game

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How Sports Organizations Are Using AR, VR and AI to Bring Fans to The Game

AR, VR, and AI in sports are changing how fans experience and engage with their favorite games.

That’s why various organizations in the sports industry are leveraging these technologies to provide more personalized and immersive digital experiences.

How do you get a sports fan’s attention when there are so many other entertainment options? By using emerging technologies to create unforgettable experiences for them! Innovative organizations in the sports industry are integrating AR, VR and AI in sports marketing and fan engagement strategies. Read on to discover how these innovative technologies are being leveraged to enhance the game-day experience for sports fans.  

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AUGMENTED REALITY IN SPORTS

AR is computer-generated imagery (CGI) that superimposes digitally created visuals onto real-world environments. Common examples of AR include heads-up displays in cars, navigation apps and weather forecasts. AR has been around for decades, but only recently has it become widely available to consumers through mobile devices. One of the best ways sports organizations can use AR is to bring historical moments to life. This can help fans connect to the past in new ways, increase brand affinity and encourage them to visit stadiums to see these experiences in person. INDE has done just that, creating an augmented reality experience that lets fans meet their favorite players at the NFL Draft.

VIRTUAL REALITY IN SPORTS

VR is a computer-generated simulation of an artificial environment that lets you interact with that environment. You experience VR by wearing a headset that transports you to a computer-generated environment and lets you see, hear, smell, taste, and touch it as if you were actually there. VR can be especially impactful for sports because it lets fans experience something they would normally not be able to do. Fans can feel what it’s like to be a quarterback on the field, a skier in a race, a trapeze artist, or any other scenario they’d like. The VR experience is fully immersive, and the user is able to interact with the content using hand-held controllers. This enables users to move around and explore their virtual environment as if they were actually present in it.

ARTIFICIAL INTELLIGENCE IN SPORTS

Artificial intelligence is machine intelligence implemented in software or hardware and designed to complete tasks that humans usually do. AI tools can manage large amounts of data, identify patterns and make predictions based on that data. AI is already influencing all aspects of sports, from fan experience to talent management. Organizations are using AI to power better digital experiences for fans. They’re also using it to collect and analyze data about fan behavior and preferences, which helps organizers better understand what their customers want. AI is also changing the game on the field, with organizations using it to make better decisions in real time, improve training and manage player health. Much of this AI is powered by machine learning, which is a type of AI that uses data to train computer systems to learn without being programmed. Machine learning is the reason why AI is able to evolve and get better over time — it allows AI systems to adjust and improve based on new data.

MERGING THE REAL AND VIRTUAL

VR and AR are both incredible technologies that offer unique benefits. VR, for example, is an immersive experience that allows you to fully imagine and explore another virtual space. AR, on the other hand, is a technology that allows you to see and interact with the real world while also being able to see digital content superimposed on top of it. VR and AR are both rapidly evolving and can have a significant impact on sports marketing. By using both technologies, brands and sporting organizations can create experiences that bridge the real and virtual. This can help sports marketers create more engaging experiences that truly immerse their customers in the game.

Technologies like AR, VR and AI in sports are making it possible for fans to enjoy their favorite games in entirely new ways. AR, for example, can help sports lovers experience historical moments, VR lets them immerse themselves in the game, and AI brings them more personalized and immersive digital experiences. The best part is that sports fans can also use these technologies to interact with one another and feel even more connected. 

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The Dark Side of Wearable Technology

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The Dark Side of Wearable Technology

Wearable technology, such as smartwatches, fitness trackers, and other devices, has become increasingly popular in recent years.

These devices can provide a wealth of information about our health and activity levels, and can even help us stay connected with our loved ones. However, there is also a dark side to wearable technology, including issues related to privacy, security, and addiction. In this article, we will explore some of the darker aspects of wearable technology and the potential risks associated with these devices.

1. Privacy Concerns

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Source: Deloitte

Wearable technology can collect and transmit a significant amount of personal data, including location, health information, and more. This data is often shared with third parties, such as app developers and advertisers, and can be used to track and target users with personalized advertising. Additionally, many wearable devices lack robust security measures, making them vulnerable to hacking and data breaches. This can put users’ personal information at risk and expose them to identity theft and other cybercrimes.

2. Security Risks

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Source: MDPI

Wearable technology can also pose security risks, both to the individual user and to organizations. For example, hackers can use wearable devices to gain access to sensitive information, such as financial data or personal contacts, and use this information for malicious purposes. Additionally, wearable technology can be used to gain unauthorized access to secure areas, such as buildings or computer systems, which can be a major concern for organizations and governments.

3. Addiction Issues

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Source: Very Well Mind

The constant connectivity and access to information provided by wearable technology can also lead to addiction. The constant notifications and the ability to check social media, emails and other apps can create a constant need to check the device, leading to addiction-like symptoms such as anxiety, insomnia and depression.

4. Health Risks

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Source: RSSB 

Wearable technology can also pose health risks, such as skin irritation and allergic reactions caused by the materials used in the device. Additionally, the constant use of wearable technology can lead to poor posture and repetitive stress injuries, such as carpal tunnel syndrome. It is important for users to be aware of these risks and to take steps to protect their health, such as taking regular breaks from using the device and practicing good ergonomics.

Conclusion

Wearable technology has the potential to be a powerful tool for improving our health, fitness, and overall well-being. However, it is important to be aware of the darker aspects of wearable technology and the potential risks associated with these devices. By understanding the privacy, security, addiction, and health risks associated with wearable technology, users can take steps to protect themselves and their personal information. Additionally, by being aware of these risks, organizations can take steps to protect their employees and customers from the potential negative effects of wearable technology.

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