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Paul Magee, Auraya: passwords are not a secure method to keep information safe

Auraya
Kristina Jarusevičiūtė
February 9, 2022 Updated: November 15, 2023 6 min read
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  • Consumers desire more convenience. We want to be able to get what we want when we want, using our preferred method of transacting, be that a smartphone app, a voice bot, chat, instant messaging, calling an expert in a call center, or physically going to a store.
  • Consumers desire more privacy and security. We want our privacy protected and we want to know that the organization we are trusting with our data is not going to compromise our sense of security by allowing hackers to steal our health records or financial data.
  • Governments desire more regulations. There is an ever-increasing requirement from regulators to enforce more regulations such as GDPR, HIPPA, covering aspects of protecting personal information and AML/KYC ensuring the integrity of financial transaction records, and stopping bad actors from laundering money or contributing funds to terrorist organizations.
  • The sophistication of bad actors. Bad actors are increasingly becoming more sophisticated and using advanced technology to threaten organizations, individuals, and whole societies. Rampant organized crime, nation-sponsored attacks, and motivated individuals’ access to worldwide resources on the dark web mean that there is always a new threat to protect against.
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