I do not like the risk-based system. We look at those things anyway. We're not going to worry about the garbage can being dirty when you've got temperatures that are out (of compliance).
Quotes about risk-based (9 Quotes)
The takeaway was that everyone should be doing a much better job to taking a risk-based approach to monitoring. It's caused many institutions to come back to the table and rethink how they need to monitor high-risk groups. Firms have to be much more agile today than a few years ago.
Today, RSA Security is proud to unveil a solution that uniquely addresses the full continuum of financial institutions' authentication needs the combination of risk-based and one-time password-based authentication -- and a broad range of form factors for two-factor authentication -- are available from a single source rather than via a hodgepodge of partnerships. Moreover, RSA Adaptive Authentication is live and proven today, with its modules already deployed and protecting consumers at many of the world's leading financial institutions.
Any of these companies, with a risk-based contract -- less services, more money -- are extremely likely to go wrong, ... I'm not aware of anywhere they've gone right.
Lenders are increasingly using risk-based pricing to make loans. If you don't find out your credit score, check your credit report and correct mistakes, you're going to be totally in the dark, and run the risk of paying far higher interest rates on loans.
The department DHS and the President have always favored a risk-based approach. It's members of Congress who have thwarted those efforts.
There's broad acceptance of the desirability of doing all those things, setting up risk-based management, dealing with fraud, putting place good capital market oversight, ... moving, over time, more of the economy out of the state-run sector in both banking and other sectors and into the private market-directed sector.
The ultimate model that will emerge is going to be one that is a layered authentication approach. You will have risk-based authentication and forms of passive authentication, but, for certain segments of users and certain types of transactions that may be high-risk or high-value, there will be a need for strong credentials like one-time-password tokens.
Microsoft is going to give the ability to take software, implement it and offer real-time risk-based approval of mortgages. That's not happening for most lenders today.