New Delhi, Jan. 17 -- According to a recent Gartner study [1],global spending on security and risk management is projected to reach $215 billion next year, reflecting a 14% year-over-year increase from 2023.

Primarily, this increase is driven by the alarming levels of data breaches. In 2023, the average global cost of a data breach surged to a staggering 4.45 million USD, signalling a 15% spike since 2020. The urgent need to confront the vulnerabilities of traditional security models has never been more apparent. Let's explore the evolution of digital trust, from claim-based identity to identity-based trust and trust-based security, marking a transformative era in digital security.

Part 1: Trust Based Security

Trust But Verify : Tradit...