Accurate ID system is key to internal bank security

Authorisation crucial to stopping criminal staff, says report

Consolidated identity management processes, including a single sign-on across all product systems, are underused in banks and are in serious need of investment.

That is the conclusion of a report entitled: IT Security and the Role of Technology in Retail Banking Security, by independent market analyst Datamonitor.

The report comes at a time when banks are increasingly being urged to invest in mitigating the so-called “insider threat” posed by authorised users who abuse their system privileges to