|[January 23, 2018]
Neustar Introduces New Multi-Factor Authentication Risk Assessment Tool in Time for Upcoming Compliance Deadlines
Inc., a trusted, neutral provider of real-time information services,
today announced the availability of its Multi-Factor Authentication
(MFA (News - Alert)) Risk Assessment Tool. Created to help enterprises more closely
consider their programs for compliance with changing regulatory
mandates, the free tool quickly identifies gaps, weaknesses and blind
spots to help guide their implementation of timely risk mitigation. By
assessing inherent risks, adequacy of authentication controls and
residual risks, the tool helps organizations increase their ability to
understand and address mitigation of certain risks to a tolerable level.
Beginning March 1, 2018 entities regulated by the New York Department of
Financial Services (NYDFS) will be required to perform a MFA risk
assessment in order to be in compliance with regulation part 500.12.
Organizations that fail to perform a detailed MFA risk assessment,
implement proper internal controls and comply with the
government-mandated deadline risk loss of license, charter revocation or
civil money penalties and may be susceptible to data breaches or fraud,
and potential class action lawsuits.
"We are pleased to provide an innovative risk assessment tool focused on
multi-factor authentication," said Sai Huda, General Manager, Risk
Solutions, Neustar. "While legal requirements trigger multi-factor
authentication risk assessments, until now this type of tool was not
available to perform a detailed risk assessment to identify the risks
faced and the roadmap for risk mitigation."
"Unfortunately, recent data breaches have made personally identifiable
information and other confidential information ranging from social
security numbers, user names, passwords and answer to security
questions widely available to fraudsters and cybercriminals. The threat
actors are taking over identities and devices and breaking into all
types of organizations undetected for financial gain. The mobile, online
and contact center channels are especially vulnerable and exposed.
Performing a comprehensive multi-factor authentication risk assessment
is mission critical for all organizations," said Huda.
The Neustar Multi-Factor Authentication Risk Assessment Tool was
developed by Neustar's team of subject matter experts and is based on
industry risk assessment methodology best practices, NIST Digital
Identity Guidelines, NIST Cybersecurity Framework, FFIEC Cybersecurity
Assessment Tool and other authoritative sources. Download
Neustar's free Multi-Factor Authentication Risk Assessment tool.
Neustar will also provide a free educational 60 minute webinar on
multi-factor authentication on Thursday, February 8, 2018 at 11 am PT (2
pm ET), for executives and management responsible for operations,
digital channels, contact centers, risk, fraud, information security and
compliance, featuring special guest speaker, Frank Abagnale, widely
acknowledged fraud expert and subject of the DreamWorks film, "Catch Me
If You Can". Other industry-leading risk, fraud and cybersecurity
experts will also share risk mitigation best practices. Register
for the webinar taking place on February 8, 2018 at 11 am PT (2 pm ET).
Neustar, Inc. is a leading global information services provider driving
the connected world forward with trusted, holistic identity resolution.
As the only company capable of understanding who is on the other end of
every interaction, Neustar is trusted by the world's great brands to
grow and guard their businesses with the most complete knowledge of how
to connect people, places and things. The combination of Neustar's
unique, accurate, and real-time identity system and our cloud-based
workflow solutions empower our clients to make actionable, precise and
valuable decisions across marketing, risk, IT/security, network &
operations departments. As the sole provider of the U.S. Number
Portability Administration Center (NPAC), Neustar also facilitates the
routing of all telephone call and text messages in the U.S. More
information is available at www.home.neustar.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180123006163/en/
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