Technology has changed a lot about how we interact and live our lives: From robots that can work better than human beings; to social media. Another relatively new thing is digital identity. Did you know your data is always collected as you browse on the internet? In fact, with a good anti-virus system, you might have averted several phishing attempts this day alone.
The question then is, how do you ensure effective digital identity management? What is it anyway? If you are wondering about any of this, you have landed in the right place. This article has all you need to know about digital identity management.
Digital Identity
Whenever you have to sign up on a website with your details- that is your digital identity. It essentially consists of the credentials you use to gain access to a site or network. Use a highly secure system because it can be easy to hack your digital identity. For instance, consider using servers that work with anonymous credentials. If not, ensure the authentication system is intricate.
In particular, a two-factor authentication system can protect your digital identity. Also, remember that digital identity entails a lot of things. Even just your gaming ‘avatar’ can be deemed as your digital identity.
Legal and Regulatory Requirements
Many states have in place regulations to keep your digital identity safe. For instance, there are many cyber security policies and data privacy laws. An example would be how the Anti-Money Laundering and Counter-Terrorism Financing Act has imposed several obligations on digital identity management. It must be up-to-date, accurate, and reliable.
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Risks
Just as we have already stated, digital identity comes with its risks. Arguably, the most rampant is data breaches. An example would be how biometrics works. They have been lauded as top-notch security, but if hacked, you stand to suffer innumerable losses because your sensitive data is out there. Well-drafted contracts and current technology can ensure your data is always protected.
Liability
What happens when your digital identity is breached? The proper cause of action is that the liability and consequences should fall on someone. For example, having a contract and statutory requirements can ensure your data is protected. Ultimately, digital identity management centers heavily around trust. The organization you entrust your data with should always protect it and be ready to meet any liabilities when they arise.
Take Away
There you have it. This article has summarized some of the essential factors you should know about digital identity management. It has highlighted what it is, the legal requirements, risks, and liabilities.…