https://www.cyberscoop.com/identity-management-microsoft-mastercard-partnership/
By Zaid Shoorbajee
CYBERSCOOP
Dec 4, 2018
Identity management is one of the most cumbersome issues in information
security today. How should organizations verify that people using a banking,
e-commerce or other digital service are who they say they are? Mastercard and
Microsoft are banding together to try to find a universal solution, the two
companies announced Monday.
Current identity management schemes are onerous for end users, Microsoft and
Mastercard say. Organizations and individuals have to rely on things like a
Social Security number, proof of address, a username and password or something
else.
"We believe that there is a huge need for a universally-recognized digital
identity service the puts the individual in control. Right now, proving one's
identity online places a huge burden on individuals," Charles Walton,
Mastercard's senior vice president of digital identity products, told
CyberScoop in an email. "People have to successfully remember hundreds of
passwords for various identities and are increasingly being subjected to more
complexity in proving their identity and managing their data."
The partnership aims to develop a universal service that lets users prove their
identity. The companies say it would work for everything including opening a
new bank account, applying for a loan, online shopping, filing taxes, applying
for a passport and simply logging into to online accounts.
[...]
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