The need for strong identity security protocols for humans has been a given for years. Your organization likely has multiple layers of controls to ensure that access to sensitive assets is limited to those that need it. But a certain large, global (well…multi-global) organization that comes to mind on this May the Fourth also had layers of human identity controls that adhered to the principles of least privilege.
The detrimental effects that financial crime may have on businesses and their consumers are nothing new to the fintech sector. When it comes to money laundering, this is especially accurate. Fintechs are attractive targets for money launderers since they only offer digital services, which they believe gives them more anonymity and makes it possible for them to perpetrate crimes undetected.
The people closest to your business can sometimes cause the most damage. Yet while top-secret data leaks are headline news today, most insider threats are well-intentioned people who just screw up.
One set of valid employee credentials can provide an adversary with all they need to log into a business, move laterally, escalate privileges and achieve their goals — whether that’s removing access to accounts, terminating services, destroying data or deleting resources. Identity-based attacks are subtle, but destructive, and organizations must be on high alert for them. CrowdStrike reported 80% of cyberattacks now leverage stolen or compromised credentials.
In the ever-evolving world of technology, acronyms seem to multiply faster than ever before! From AI to IoT to CRM and SaaS, it cab be tricky to keep up to speed and make sense of what they all mean. One area that is no exception to this acronym explosion is Identity and Access Management (IDAM). As businesses increasingly prioritize data security and user privacy, IDAM has become a crucial component of their overall digital strategy.
The world of fantasy gaming is expanding at an unprecedented rate. With the rise of mobile gaming and the increasing popularity of sports, it has become easier than ever to start your own fantasy gaming app. However, the growth of the industry has also led to a rise in fraudulent activities and illegal practices. As a result, KYC (Know Your Customer) solutions have become a crucial aspect of any fantasy app.
In recent years, several major cyberattacks targeted critical infrastructure in Australia, including a major telecommunication company, which suffered a devastating data breach in September 2022. Soon after this cyberattack, Australia’s biggest health insurer also faced a ransomware attack in October 2022 that caused systems to go down. Customers could not access services through the company’s website or app.
