In an era where digital security is paramount, the persistent reliance on passwords remains a significant vulnerability for enterprises globally. FIDO 2.0 emerges as a timely solution, reimagining credential authorization using available technologies.
Legacy credential systems, rooted in the Internet 1.0 era, increasingly expose organisations to sophisticated AI-backed cyber threats. The 15% increase in attacks against Indian organisations, now averaging 2,138 attempts per week, can largely be attributed to these poorly secured credentials. As companies and industries continue to thrive throughout India and the region, security teams benefit from implementing new credential approaches, such as FIDO 2.0 stands from the very implementation of their networks.
Despite CISOs and cybersecurity practitioners’ efforts in network security, advanced authentication implementation, and staff training on cyber hygiene, it still only takes a single breach to bring operations to a halt.
Changing the credentials status quo
Despite diverse authentication methods, the prevalent use of alphanumeric codes for logins continues to compromise organisational security.
Recent years have particularly highlighted these faults in the Asia Pacific region. This has resulted in:
l 31% of global attacks as its digital transformation continues at a rapid clip across sectors.
l The most hit sectors were governments, absorbing the brunt of 22% of the attacks
l 49% of all attacks led to the compromise of sensitive information, with 27% of successful attacks disrupting core organisation operations.
This goes beyond the financial and personal burden put on people as they try to understand if their information is compromised.
In the past, these attacks were successfully conducted by identifying a vulnerability within a system and exploiting it using relevant tactics. However, today companies face two main threats, phishing attacks and device compromise.
Device compromise
Organisations permitting remote work or personal device use face an additional security layer– unfamiliar devices.
IT operators have always struggled to identify and approve all devices on a network– again relying on usernames, passwords, and perhaps some other alphanumeric authentication technique. The danger lies in the possibility that these two-factor authentication methods may also be compromised alongside user credentials.
Adding to the compilation, single sign-on has grown in popularity, but if a user is compromised, so too are their profiles created across all the tools that they have given access to the single point. Even with examples of organisational approved SSO with a secure environment, no matter how secure those APIs and authentications are, if the front door is still secured with a username, password, and alphanumeric authentication then the risk is still ever-present
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Katadata.co.id - Software company VMware.Inc. announced it has completed the process of acquisition of a security company cyber Carbon Black valued at US$ 2.1 billion, or around Rp 29,4 trillion.
With the acquisition, is expected to further strengthen the solution service cyber security company.
Vice President & General Manager of VMware in South East Asia and Korea Sanjay Deshmukh said, in line with the completion of the acquisition, the company also launched a business unit security.
(Read: VMware Presents the Supporting Infrastructure Migration Network 5G)
"We believe (the acquisition of) this will bring a new paradigm that is fundamental in the security industry companies," said Sanjay when met in Jakarta, Tuesday (15/10).
Sanjay continued, in addition to cyber security, there are four other elements are also important, especially in the in accelerating the process of digital transformation of the company.
I’ve always been interested in technology and seeing lots of news about cyber threats has fascinated me.However I felt that finding a career path into the world of cyber security without experience would be hard.So when I saw an online advert for a digital and technology apprenticeship in the MoJ, I was thrilled and jumped at the chance.I knew it would be a great way to learn about the topic whilst working for an organisation that I’ve always admired but never dreamt I’d have the opportunity to be a part of.Along with two other apprentices, I joined the Cyber Security team in Digital and Technology.
We work on identifying cyber security risks of technology and help to reduce the threats to the department’s information and systems.As an apprentice, you learn so much in such a short amount of time.
I’ve only been in my role for seven months and I already feel that my understanding of cyber security has come a long way thanks to the interesting and varied workload.I’ve been learning about networking, coding and understanding threat intelligence.
I’ve also moved around different Digital and Technology teams to broaden my experience, as well as having the chance to attend some really cool industry events, such as the AWS Summit and Infosec Europe.One of my favourite experiences was visiting Wandsworth prison to hear about how technology is increasingly being used to support the officers and prisoners.
It was useful to understand the legal implications and security issues of the data used in the prison systems.
I learnt a lot about the life of our prison officers, all working to make our prisons better and more digital.I’ve had such an incredible experience in my short time as an apprentice and it’s really inspired me to continue my career in digital and technology.
Everyone is discussing blockchain, and no one wants to be left behind.Around 77% of the financial services industry will adopt blockchain for a few elements of their operation by 2020.Many banks have demonstrated a tendency to incorporating blockchain for payments and reconciliationIn fintech, blockchain discovers application in areas like digital ID, client authentication, insurance and moreAccording to the blockchain training institute, it is one technology that is said to acquire in a revolution on par with the birth of the internet.
What began as a decentralizing currency and resources are currently disrupting each mainstream industry.
Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS - blockchain is everywhere today.Even the normal BFSI stakeholders like the large retail banks are sending blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right way.According to a survey on the financial services sector and fintech directed by PWC, around 77% of the financial services industry has a plan on adopting blockchain by 2020.
Banks comprising a third of the institutions surveyed have indicated a tendency in incorporating blockchain in their operations.People who haven't grown listening regarding this technology are currently aspiring to work on this new technology.
The way to a career in Blockchain is, obviously, new as well as innovative.iron
Nowadays one thing that concerns electronic data storage is security.
With the steady rise in the security breaches, digital crime and internet fraud rising.
Two-factor authentication solution protects shell for your information and keeping the cyber thieves at bay.https://finacusblog.wordpress.com/2020/09/24/digital-security-the-importance-of-two-factor-authentication/
