Global Identity Foundation issues security industry call to arms

2014 was a bad year for information security, with the annual cost of cyber crime to the global economy estimated at around $445bn, according to Paul Simmonds, chief executive of The Global Identity Foundation.

This failure is linked to the continued lack of a global digital identity, he told the European Information Security Summit 2015 in London.

“We do not architect for de-parameterization, we have an obsession with control, we lack an identity that can be used across all entities,” said Simmonds.

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