GDPR (General Data Protection Regulation) states that data must be kept safe from unauthorised access. This is a significant concern for organisations, with many data breaches being achieved through compromised user credentials.
(Payment Services Directive II) aims to make payments safer and more secure to protect consumers, enforcing SCA (Strong Customer Authentication) to validate the identity of the user making the transaction and applies to all PSP’s (Payment Service Providers)
(New York State Department of Financial Services) aims to protect financial organisations and their customers by enforcing the use of multi factor authentication and or risk based authentication.
(California Consumer Privacy Act) aims to give users more control over their personal data stored by organisations and fundamentally requires companies to protect user data against unauthorised access.
(Swiss Financial Market Supervisory Authority) is charged with protecting creditors, investors and policyholders and ensuring Swiss financial markets function effectively. One specific section regarding handling of Electronic data mandates access to data based on physical location of the user.