A Review of Digital Identity Management Solutions and Their Security Risks: A Study of Banks in Bauchi State
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Background of the Study
Digital identity management involves the use of technology to authenticate and manage individuals’ identities in digital environments. Banks rely heavily on digital identity management solutions to enhance security, ensure regulatory compliance, and provide seamless customer experiences (Garba & Bello, 2024). However, these solutions are not without risks, including identity theft, data breaches, and unauthorized access.
In Bauchi State, where digital banking adoption is on the rise, effective identity management is critical for safeguarding customer data and maintaining trust. As cyber threats evolve, it becomes imperative to evaluate the security risks associated with digital identity management solutions in the banking sector (Ahmed et al., 2023).
Statement of the Problem
Although digital identity management solutions offer enhanced security and convenience, they also introduce vulnerabilities that could compromise sensitive customer information. Banks in Bauchi State face challenges such as inadequate security protocols, phishing attacks, and weak authentication methods, which put customer identities at risk (Bello et al., 2023).
This study investigates the security risks associated with digital identity management solutions in banks in Bauchi State and explores strategies for mitigating these risks.
Objectives of the Study
1. To assess the role of digital identity management solutions in enhancing security in banks in Bauchi State.
2. To identify the security risks associated with digital identity management solutions in the banking sector.
3. To recommend strategies for mitigating security risks in digital identity management solutions.
Research Questions
1. How do digital identity management solutions enhance security in banks in Bauchi State?
2. What are the security risks associated with digital identity management solutions?
3. What strategies can mitigate security risks in digital identity management solutions?
Research Hypotheses
1. Digital identity management solutions do not significantly enhance security in banks.
2. Security risks such as identity theft and data breaches significantly affect the effectiveness of digital identity management solutions.
3. Strategies to mitigate security risks significantly improve the reliability of digital identity management solutions.
Scope and Limitations of the Study
This study focuses on banks in Bauchi State, examining their digital identity management practices and associated risks. Limitations include variations in security practices and limited access to sensitive security-related data.
Definitions of Terms
• Digital Identity Management: The use of technology to authenticate and manage individuals’ digital identities.
• Security Risks: Potential threats that compromise the integrity, confidentiality, or availability of information.
• Banks: Financial institutions that provide services such as deposits, loans, and digital banking.
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