Microsoft UK National Technology Officer Jerry Fishenden warns that thepush for a national ID card in Great Britain could lead to identityfraud on a gigantic scale unlike anything that has been seen before. The Registerreports that Fishenden points out that credit card information can bereplaced, but if a criminal gets a hold of biometric information likefingerprints, that can’t be replaced. In addition to the currentscheme, Fishenden also took issue with keeping the data all in one”protected” place, also known as the “honeypot effect,” becausecriminals only have to go to one place to reap huge rewards. Read more.By Paul L. Kerstein Related content news Insider risks are getting increasingly costly The cost of cybersecurity threats caused by organization insiders rose over the course of 2023, according to a new report from the Ponemon Institute and DTEX Systems. By Jon Gold Sep 20, 2023 3 mins Budget Budget Pricing news US cyber insurance claims spike amid ransomware, funds transfer fraud, BEC attacks Cyber insurance claims frequency increased by 12% in the first half of 2023 while claims severity increased by 42% with an average loss amount of more than $115,000. By Michael Hill Sep 20, 2023 3 mins Insurance Industry Risk Management news Intel Trust Authority attestation services now in general availability Formerly known as Project Amber, Intel’s attestation services support confidential computing deployments. By Michael Nadeau Sep 20, 2023 3 mins Zero Trust Security Hardware news Venafi taps generative AI to streamline machine identity management Venafi’s Athena, based on a new large language model (LLM), offers users a natural language interface and provides developers with automated code generation for important integrations. By Shweta Sharma Sep 20, 2023 6 mins Generative AI Identity Management Solutions Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe