Because of their large user base and massive amounts of data collected, utility companies are in a unique position. As a result, they are able to deliver more value than other companies. However, if the organization employs a poor Consumer Identity and Access Management (CIAM) system, it may be vulnerable to service outages and data breaches.
Utility companies can avoid concerns like inefficient troubleshooting and cyberattack vulnerability by using a good CIAM.
The LoginRadius CIAM in the utility sector gives solutions in the following manner.
Companies must implement tough measures like the GDPR and CCPA, especially if they are in the energy business, as hackers get more sophisticated every day. This is due to the fact that such businesses frequently deal with large amounts of customer data. If this data is compromised, the company's reputation may suffer greatly, potentially resulting in financial losses as customers will stop utilizing their services.
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Jack ForbesHaving 5+ years of experience in IT industry, Tech Enthusiast, Software Engineer Archives
December 2023
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