Mastercard and Microsoft say they're developing a universal identity management solution

[InfoSec News <alerts () infosecnews org>]

https://www.cyberscoop.com/identity-management-microsoft-mastercard-partnership/

By Zaid Shoorbajee
CYBERSCOOP
Dec 4, 2018

Identity management is one of the most cumbersome issues in information 
security today. How should organizations verify that people using a banking, 
e-commerce or other digital service are who they say they are? Mastercard and 
Microsoft are banding together to try to find a universal solution, the two 
companies announced Monday.

Current identity management schemes are onerous for end users, Microsoft and 
Mastercard say. Organizations and individuals have to rely on things like a 
Social Security number, proof of address, a username and password or something 
else.

"We believe that there is a huge need for a universally-recognized digital 
identity service the puts the individual in control. Right now, proving one's 
identity online places a huge burden on individuals," Charles Walton, 
Mastercard's senior vice president of digital identity products, told 
CyberScoop in an email. "People have to successfully remember hundreds of 
passwords for various identities and are increasingly being subjected to more 
complexity in proving their identity and managing their data."

The partnership aims to develop a universal service that lets users prove their 
identity. The companies say it would work for everything including opening a 
new bank account, applying for a loan, online shopping, filing taxes, applying 
for a passport and simply logging into to online accounts.

[...]



--
Subscribe to InfoSec News
https://www.infosecnews.org/subscribe-to-infosec-news/
https://twitter.com/infosecnews_