Digital Identity Risk Assessment (DIRA)
As our world becomes more digital, verifying identities online is crucial. Without it, the digital space is at risk of being dominated by criminals. Personal information and corporate secrets can be stolen, companies can be held hostage by ransomware, and accounts can be emptied.
For businesses, digital identity is essential for protecting and controlling access to data, systems, services, buildings, and computers. Ensuring strong digital identities not only protects people and information but also helps reduce onboarding costs and the costs associated with breaches.
These concerns are highlighted by an Accenture study that found about 65% of organizations see security and risk compliance as their top concern for cloud adoption. Additionally, privacy regulations can lead to fines of up to 4% of global revenue if not adhered to.
DIRA by softScheck
The DIRA process starts when a new application or system is identified or when a reassessment is triggered by time or events. Once it’s decided that a DIRA is needed, application data is gathered and analyzed to determine assurance levels and produce a Digital Identity Assessment Statement (DIAS).