Bank-Grade Identity Shield: 10 Strategies to Fortify Financial Security by 2025
Identity and Access Management (IAM) has emerged as the cornerstone of banking security, evolving from a back-office function to the frontline defense against sophisticated financial crimes. As 2025 approaches, financial institutions confront a trifecta of challenges: AI-powered threats, stringent regulations like DORA and NIST 800-63-4, and the burden of legacy systems. The traditional perimeter-based security model is obsolete—identity is now the new battleground.
The "Power List" outlines ten critical strategies to future-proof IAM in banking. Leading the charge is the elimination of passwords through FIDO2-compliant authentication, a MOVE that could save over $1 million annually in helpdesk costs while neutralizing credential-stuffing attacks. Equally transformative is the adoption of Zero Trust principles, dismantling outdated "castle and moat" architectures in favor of continuous verification protocols.
