Remove 2021 Remove Applications Remove Authentication
article thumbnail

Why Multi-Factor Authentication is Key to Modern Cybersecurity

CIO Business Intelligence

According to recent data from the Identity Theft Resource Center , there was a 14% increase in data breaches and compromises in the first quarter of 2022 compared to 2021. Multi-factor authentication, or MFA. According to a 2021 IBM report , the average cost of a data breach increased by 10% between 2020 and 2021, rising from $3.86

article thumbnail

Architecting Identity: Five Essential Elements of a Modern Customer Authentication Service

CIO Business Intelligence

While protecting enterprise assets using identity and access management (IAM) is important, companies also need to address the applications their customers use. In 2021, the Federal Trade Commission [1] received 2.8 They may have a built-in user store supporting password authentication, for example. billion in losses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Signs That Your Consumers are Ready for Passwordless Authentication

CIO Business Intelligence

Customer demand for passwordless authentication has grown exponentially since smartphones first began offering built-in biometric readers. A staggering 93% of consumers preferred biometric authentication to passwords — and yet so many companies still force their customers to use risky, outdated login credentials. Your first clue?

article thumbnail

From Sensors to Servers: End-to-End Security for IoT in Critical Utility Networks

SecureWorld News

In 2021, for example, hackers attempted to manipulate the chemical levels in a Florida water treatment plant by breaching remote access systems. Strong authentication: Each device, no matter how small, should have strong, unique authentication measures to prevent unauthorized access.

Network 110
article thumbnail

Zero Trust: Your Best Friend in the Age of Advanced Threats

SecureWorld News

Step 1: Rethink your security architecture Zero Trust requires securing every layer—network, applications, identity, and access—while enforcing least privilege. Google moved away from VPNs, instead using device-based authentication and continuous access verification, ensuring that each access request is authenticated.

article thumbnail

Ghost Ransomware a Persistent Global Threat to Critical Infrastructure

SecureWorld News

He urges enterprises to implement Privileged Access Management (PAM) solutions and multi-factor authentication (MFA) and to enforce robust password policies to reduce the risk of account compromise. Prioritize fixing vulnerabilities exploited by Ghost, such as ProxyShell (CVE-2021-34473, CVE-2021-34523, CVE-2021-31207).

SMB 113
article thumbnail

Top 15 Exploited Vulnerabilities of 2023

SecureWorld News

These vulnerabilities span a range of technologies, from network security appliances to widely used software applications. Malicious cyber actors began exploiting the vulnerability after it was publicly disclosed in December 2021. Note: This CVE has been included in top routinely exploited vulnerabilities lists since 2021.

Security 112