The Importance of Identity Security – And How Trasna Helps to Protect it

Having a secure digital identity is more important than ever before.

The Importance of Identity Security

Identity security is something all organizations should focus on, especially in the wake of the COVID-19 pandemic.

What is Identity Security

Identity security refers to the overall solutions that can be used to secure identities, both internal and external, that are involved in an organization. Identity security can be used to protect employees as well as customers or clients. With identity security solutions, it is assumed that identities (IT professionals, remote workers, vendors, etc.) could be used as a gateway for cybercriminals to attack an organization’s assets. With an identity security approach with privileged access management as part of its framework, all identities can be protected and secured.

When creating an excellent identity security strategy, one must include authentication as part of the overall plan. Identity security can also be used by organizations to secure devices, especially mobile devices, wherever they might be. By doing so, remote workers can be as productive as possible while also protecting the security of the organization.

Is Identity Security That Important?

Having the right self-sovereign identity solutions in place is extremely important. Cybercriminals have been targeting identities for years, and this security problem has been a serious problem for large enterprises and successful organizations. In the last decade, however, the number and types of identities that are used by organizations have increased, providing even more pathways for cybercriminals to access sensitive or important assets within organizations.

Cybercriminals have grown and evolved their practices and developed new methods for identity theft, which rapidly changed the threats that businesses face. In fact, a study found that a shocking 79% of companies have unfortunately experienced some form of identity theft or identity breach in the last two years alone. [Source: https://www.idsalliance.org/wp-content/uploads/2019/12/State-of-Identity-Survey-Report.pdf]  It’s more vital than ever to invest in identity security. Things get even more complex when we consider things like blockchain, mobile devices, SIM cards, and more.

How is Identity Security Used?

With identity security products and services like Trasna, all identity data can be stored by the user (which can be the consumer or IoT business) and the user decides which areas of that data can be shared with different additional identities. By merging together SIM card and blockchain technology, you can store your data as securely as possible. Just as well, Trasna will provide complete proof of identity for every service our users access and for each device that is connected to the platform, thus cutting down on risk if a proof is breached.

How Blockchain Technology Improves Identity Security

The problem with many identity security methods out there today is the fact that they are quite archaic. Think of identity management on the consumer level. Many of us, depending on our country of origin, have paper birth certificates and social security cards filed away in an unsecured room in a town hall.

The risk of theft or just losing such valuable information is very high. By using digital identities, especially in the context of IoT and business, the amount of bureaucracy involved in accessing that identity is reduced. Just as well, organizational processes are completed faster by allowing a system or software to better connect departments within that organization.

Unfortunately, if that digital identity is stored on a centralized server, it immediately becomes a bullseye for cybercriminals. This is especially so for organizations involved in government, healthcare, education, banking, and general business.

To put it simply, identities should be verified and transported wherever they need to go. That’s why organizations need to invest in identity security platforms like Trasna that are private and extremely secure, and nothing provides security quite like blockchain technology.

With blockchain technology, one’s identity can be stored by the user and the steward that provides the identity.

Combining SIM and Blockchain Technology for Identity Security Needs of IoT Companies

Trasna also offers remote SIM provisioning for Internet of Things companies. Many businesses in this industry are still using M2M RSP systems to avoid the often costly process of integrating with a new system. With Trasna, users will be able to finally integrate with consumer-level RSP systems that are more open and call for substantially fewer integrations.

As with consumer-level SIM products offered by Trasna, IoT companies can enjoy GSMA-compliant M2M RSPs specifically for IoT devices managed by manufacturers of mobile network operators. Essentially, Trasna’s SIM cards provide eSIM flexibilities for consumer benefit along with high-level identity security based on blockchain technology. Trasna also utilized a cloud LPA that makes the process of downloading consumer subscriptions even less of a hassle.

Trasna is Here to Bridge the Gap Between Organization Identities and Complete Identity Security

Trasna is a self-sovereign identity security solution for both individual people and the Internet of Things. We believe that a secure and distributed approach to authentication is an excellent way to protect organizations that are at risk of identity-based attacks and breaches. Essentially, Trasna creates digital IDs for consumers, devices, and businesses and provides extremely secure and well-distributed blockchain-based authentication services for apps.

Trasna is unique in that our services enable 5G anonymization capability that substantially improves end-user security. Our 5G UICC and high-level operational flexibility also allows users to apply solutions for network-based exploitations and breaches. Our unique self-sovereign identity platform fulfils a wide variety of needs for different markets:

Internet of Things

For organizations, private keys can be locally stored on the SIM card of a protected device and use our unique Linux-based applet that is compatible with GSMA IoT security specifications.

Mobile Network Operators

Your customers can enjoy identity protection by using Trasna’s identity management platform.

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