Managing the Risks and Value of Data Assets: A New Look at Digital IDs




Deloitte Insights Podcast show

Summary: Who are you? How do you define your identity? Chances are you aren't thinking of your passwords, usernames and personal identification numbers as an integral part of who you are, but in fact, our virtual identities (IDs) are assuming ever greater importance in both our private and professional lives. What's more, from a business perspective, virtual identities are actually part of an organization's data assets, as well as a potential liability. Imagine the potential consequences of identity theft or unauthorized access to your medical records. With companies becoming more virtual, enterprises urgently need to manage identity assets across multiple applications and systems, and even among their ecosystem of business relationships. It may not be possible to destroy our digital identities once they're created, but it is certainly possible to protect them. Highlights: What are some of the ramifications of the convergence of real-world identities with digital identities that can occur in credit card transactions, for example, or in e-commerce? Why has it become so important for businesses to put in place programs to manage identities — not just of employees, but also of stakeholders, customers, third party contractors and vendors? Not all data are equal. How do you weigh the value and risks of each data asset to set priorities? We all know how much time and aggravation we spend trying to juggle or even remember all of our various passwords and usernames. How can an identity access management program make it easier for people to obtain the information they need while still making sure that information is secure? Guests: Mark Ford, principal, Security & Privacy Services, Deloitte & Touche LLP Rena Mears, partner, Security & Privacy Services, Deloitte & Touche LLP