Identity Management and Information Security News for the Week of May 31; Darktrace, Token, FIDO Alliance, and More

Keeping tabs on all the most relevant identity management and information security news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last month, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy identity management and information security news items.

Identity Management and Information Security News for the Week of May 31

Massive Data Breach at Ticketmaster; Data from 560 Million Customers Stolen

This week, hacking group claims it breached global events giant Ticketmaster and stole the details of 560 million customers. The group, named ShinyHunters, said in an online forum that the stolen data includes the names, addresses, phone numbers and partial credit card details of Ticketmaster customers. The group’s post said the data was available for purchase for $500,000 in a “one-time sale.” The Australian government said Thursday it is investigating the claims, and the FBI has offered assistance to Australian authorities, a spokesperson for the U.S. Embassy in Canberra told Agence France-Presse. “The Australian Government is aware of a cyber incident impacting Ticketmaster,” a spokesperson for the Australia Home Affairs Department said in a statement to CBS News. “The National Office of Cyber Security is engaging with Ticketmaster to understand the incident.” The department also urged people with “specific inquiries relating to this incident” to contact Ticketmaster. Ticketmaster and its parent company, Live Nation, haven’t issued statements on the possible breach.

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Darktrace Appoints Jill Popelka as Chief Operating Officer

Darktrace, a global leader in cyber security AI, today announces that Jill Popelka will resign from the Board with immediate effect and assume the role of Chief Operating Officer (COO) at Darktrace on 1 June, 2024. Jill will join the executive management team and will report to Poppy Gustafsson, Chief Executive Officer. She will be responsible for implementing operational best practices at Darktrace as the business continues to mature and scale. Jill will assume the COO role from Nick Trim, who will step down from this role at the end of June, following his resignation earlier this year. Jill has more than two decades of experience of driving operational best practices and maturing teams, systems and processes for fast-growing businesses. Jill previously served as the Head of Enterprise Services at Snap Inc. Prior to joining Snap in 2022, Jill was President of SAP SuccessFactors, where she was responsible for strategy, customer success, and the overall health of the business unit. Before Jill’s appointment as President of SAP SuccessFactors, she served as the company’s Chief Operating Officer, overseeing all aspects of the business units’ operations.

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QuSecure Named as Global Product Leader in PQC Industry by Frost & Sullivan

QuSecure, Inc., a leader in post-quantum cryptography (PQC), this week announced it has been named as the Global Post-Quantum Cryptography Industry Product Leader by Frost & Sullivan as a result of in-depth research for Frost & Sullivan’s Insights for CISOs: Post-Quantum Cryptography report. “We are honored to receive Frost & Sullivan’s 2024 Product Leadership Award for our QuProtect platform,” said Rebecca Krauthamer, Co-Founder and Chief Product Officer at QuSecure. “We built QuProtect to be a true long-term solution for real cybersecurity leaders managing real networks. This recognition further validates that leaders are looking for solutions to usher in this new era of software-defined cryptography, solving encryption upgrade cycles once and for all.”

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Token Expands Leadership Team with Appointment of Rob Osterwise as CTO and Tim Tonges as CRO

Token, a provider of passwordless authentication technology and solutions, this week announced the appointment of Robert Osterwise as Chief Technology Officer (CTO) and Tim Tonges as Chief Revenue Officer (CRO). Osterwise and Tonges join Token’s executive leadership team reporting to CEO, John Gunn. “Rob and Tim bring Token the perfect combination of decades of experience and business acumen, along with the entrepreneurial spirit needed to drive success in a startup environment,” said Gunn “They share our passion to deliver innovative solutions that protect organizations from the ravages of phishing and ransomware, and embody our culture of transparency and collaboration.”

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AuthenticID Named 2024 Fortress Cybersecurity Award Winner

This week, AuthenticID, a global leader in identity proofing and fraud prevention solutions, has been named a winner of the 2024 Fortress Cybersecurity Awards in the Authentication & Identity category. The Fortress Cyber Security Awards are given annually by the Business Intelligence Group to identify and reward the world’s leading companies and products that keep data and electronic assets safe from growing threats from fraud, data breaches, and hacks. “We are honored to be among the winners of the 2024 Fortress Cybersecurity Awards,” said Reed Taussig, AuthenticID, CEO. “Our commitment to combatting fraud worldwide while protecting valuable data assets has earned the trust of leading organizations across industries. I’m proud of our team’s work to drive identity verification technology forward and set new benchmarks for security and customer experience.”

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FIDO Alliance Launches “Industry-First” Testing and Certification Program

The FIDO Alliance announced this week the launch of potentially the first globally available certification program to test and certify the performance of remote biometric identity verification technology when verifying a user against a trusted identity document for accuracy, liveness, and bias. The certification program, consisting of 10,000 tests at a minimum, assesses a biometric system’s performance across different demographics, including skin tone, age, and gender. It measures resistance to spoof and deepfake attacks with Imposter Attack Presentation Accept Rate (IAPAR), and also assesses the usability and security of solutions by measuring False Reject and Accept Rates (FRR and FAR respectively). The certification also tests “selfie match” capabilities to ensure a user’s “selfie” matches their government-issued ID in the initial account setup process.

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