IDM in Banking Industry. This presentation covers following topics.
- What is identity management?
- Need for IDM
- Identity life cycle
- Key steps involved in IDM
- Functions of identity management system
- Implementation of IDM
- Tips for Implementation of IDM
- Benefits of implementing IDM
- Proposed solution by SWIFT
- Videos
Ref: offshore development company - http://www.ifour-consultancy.com and Symbiosis students
2. CONTENTS
What is identity management?
Need for IDM
Identity life cycle
Key steps involved in IDM
Functions of identity management
system
Implementation of IDM
Tips for Implementation of IDM
Benefits of implementing IDM
Proposed solution by SWIFT
Videos
Offshore development company India
3. What is Identity Management?
A set of processes, and a supporting
infrastructure, for the creation, maintenance,
and use of digital identities
Involves both technology and process
Involves managing both unique identifiers and their
attributes, credentials, and entitlements
Must enable organizations to create a manageable life
cycle
Must meet business needs for rapid registration, use,
termination
Must scale from internally facing systems to externally
facing applications and processes
Goal state: general-purpose infrastructure and
authoritative sources, clean integration across people,
process, and technology
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4. NEED FOR IDM
According to Deloitte’s seventh annual
survey of global financial institutions’
security efforts, identity and access
management was identified as the
industry’s top security initiative for 2010.
Among 19 different types of initiatives, 44%
of survey respondents listed this as a top
initiative; it is also is a significantly higher
priority for larger organisations with more
than 10,000 employees (63%).
Offshore development company India
5. NEED FOR IDM
Security budgets also appear to be bucking
the current trend of cost-cutting. More than
half of the survey’s respondents (56%)
indicate that their information security
budget has increased.
The FBI says identity theft is the fastest-growing
white-collar crime. Sources claim
that estimated 500,000 Americans have
their identities stolen each year.
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6. FRAUDS REPORTED BY RBI
REFERENCE : http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=826
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7. Why IDM is important?
Fraudsters can use your identity
details to:
◦ open bank accounts
◦ obtain credit cards, loans and state
benefits
◦ order goods in your name
◦ take over your existing accounts
◦ take out mobile phone details
◦ obtain genuine documents such as
passports and driving licences in your
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8. The IDM process: managing the
identity life cycle
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9. Key steps involved in IDM
Identification
◦ Assigning of PIN numbers, account numbers
unique to every individual
Authentication
◦ Use of two factor authentication for
authentication
Authorization
◦ giving separate access to employees, customers
, admin staff etc.
◦ Separation of Duties
Accountability
◦ Use of PCIDSS for credit and debit cards
◦ Other policies like SOX, IS027001 can be used
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11. Functions of Identity
management
Storage of information
Authentication and authorization
External user allotment and
registration
Internal user allotment
Password management
Auditing
User self service
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12. Implementing IDM
Asset inventory
◦ It would include: servers, laptops, routers,
workstations etc.
Risk assessment
◦ Rank your assets based on risk (low,
moderate & high)
Architecture review
◦ Windows, unix or linux
Implementation
◦ Implementation plan, which will be driven by
the size and distribution of your staff and IT
assets
Offshore development company India
13. Tips for Implementing IDM
Don’t start by looking at technology
solutions
Review risk and policy
Check your manual identity processes
Don’t rush in
Don’t bite off more than you can chew
Work together
Avoid complexity
Offshore development company India
14. Identity Management Benefits
• Provisioning and
management of users
• Easily accessible audit
trail of system accounts
• Delegated
administration
• Automated approval
processes
• Reduced paperwork
• Password
synchronization
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Enterprise single sign
15. Proposed solution by SWIFT
Banks could offer customers that will protect
their digital identities against fraudulent
activity.
The service would be like a digital vault which
the bank would sell to customers.
◦ Swift would host the services and be the
gatekeeper. The service would mean that when a
customer pays for something online using their
bank card, for example, they would not have to
enter their card number.
◦ Rather the merchant would be redirected to the
digital vault where, after approval, it would receive
confirmation that the payment will be made.
◦ No details change hands.
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16. Videos
..DocumentsIdentity Theft
Animation.mp4
..DocumentsPrevent Identity Theft
with These Top 5 Tips.mp4
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17. References & courtesy
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Symbiosis students
Jahnavi Patel
Bipanjot singh
Saurabh Maurya
Smit Viroja
Offshore development company India
Editor's Notes
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com
Offshore development company India – http://www.ifour-consultancy.com