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This Week’s Top Identity Management News: Consumer Fears, EU’s Data Ruling, Rising Cost of Cyber Crime

SRnewspaperLots of happenings in the Identity Management and Information Security spaces this week. From the newest IAM products to the rising cost of cyber crime to the EU’s Safe Harbor Data ruling, these articles will keep you abreast on the latest industry news.


US Consumers More Worried About Cyber Risks Than Their Physical Safety

It’s not the next hurricane, a distracted driver, or food poisoning that Americans are most worried about these days: cyber threats are now only second to financial concerns and risks as the biggest worries to US consumers.

Meanwhile, 1 in 4 US consumers have been a victim of a data breach or cyberattack, according to the third annual Travelers Consumer Risk Index, which gauges perception of risk of Americans in their daily lives. The survey found that privacy/identify theft and cyber risks are just behind financial worries as the biggest concerns today, and ahead of personal and physical safety.

Europe’s Highest Courts Strike Down Safe Harbor Data Sharing Between EU, US

Europe’s top court, the Court of Justice of the European Union (CJEU), has struck down the 15-year-old Safe Harbour agreement that allowed the free flow of information between the US and EU. The most significant repercussion of this ruling is that American companies, such as Facebook, Google, and Twitter, may not be allowed to send user data from Europe back to the US.

Cost of Cyber Crime Reaches Average $15M Annually Per Org.

The cost of cyberattacks continues to ratchet up in the U.S., with a ski slope of increases of about 20 percent year-over-year for the last six years, according to a new study out by Ponemon Institute. Sponsored by HP Enterprise Security, the 2015 Cost of Cyber Crime Study found that a benchmark sample of U.S. organizations experienced an average cost of cybercrime of $15 million.

LogMeIn Takes on IoT Identity With New Xively Identity Manager

LogMeIn, Inc. has unveiled Xively Identity Manager a new approach to tackling the challenges of identity and access management (IAM) of Internet of Things (IoT) users and products. Xively Identity Manager has been designed to provide a turn-key, white-label option for onboarding and managing new end users of IoT devices.

Avatier Announces New Identity Management Solution for the Mobile Workforce

Avatier Corporation announces at the Gartner ITxpo 2015 in Orlando October 4th through the 8th, the release of Avatier Identity Management Suite (AIMS) 10, the newest and most powerful upgrade to its solution used by millions of users and IT departments worldwide.

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