Ethical Hacking News
Organizations can no longer afford to ignore the threat of data breaches. With the average cost of a breach reaching eye-watering US$4.88 million in 2024, it's time to take proactive measures to protect your customers' sensitive information. Learn how Customer Identity and Access Management (CIAM) platforms can help prevent data breaches and protect your organization from cyber threats.
The risk of data breaches continues to grow as organizations rely on technology for daily life. The average cost of a data breach has increased significantly, reaching US$4.88 million in 2024. Organizations can protect themselves by taking a comprehensive approach to security and identity management. A customer identity and access management (CIAM) platform is an effective way to harden existing security mechanisms. An AI-assisted bot detection engine can help detect and prevent automated attacks, reducing the risk of data breaches.
As the world becomes increasingly reliant on technology to manage our daily lives, the risk of data breaches continues to grow. According to recent reports, stolen identity and privileged access credentials now account for 61 percent of all data breaches. This alarming statistic highlights the need for organizations to take proactive measures to protect themselves, their end users, and their customers from these types of cyber attacks.
The average cost of a data breach has also skyrocketed, reaching an eye-watering US$4.88 million in 2024. This significant increase is largely driven by a rise in lost customers, downtime, post-breach costs, and regulatory fines. The impact on organizations can be devastating, from the financial costs to the damage to their reputation.
So, what can organizations do to better protect themselves against data breaches? One solution is to take a comprehensive approach to security and identity management. This involves ensuring that end users can securely access their apps and services from any device, at any time, without fear of attackers being able to easily hijack login details and impersonate the legitimate owner to get their hands on sensitive data.
A customer identity and access management (CIAM) platform is an effective way to harden existing security mechanisms. These platforms employ techniques such as multi-factor authentication (MFA), biometric authentication, and adaptive authentication, alongside context-based access policies that don't frustrate users with unnecessary requests if they log in from trusted environments.
Okta, a leading provider of CIAM solutions, has developed an AI-assisted bot detection engine to analyze over 60 parameters for every login request to determine the likelihood of its veracity. This cutting-edge technology allows organizations to detect and prevent automated attacks more effectively, reducing the risk of data breaches.
To help organizations better understand the importance of CIAM and how it can be implemented, Okta has put together a series of webinars that explores the capabilities of their Customer Identity Cloud platform in more detail. The webinars feature valuable insight from Okta Senior Product Marketing Managers Abbie Carlson, Liz Rivera, and Ruchita Shah, alongside additional speakers from professional services specialist and Okta partner Deloitte.
The series provides a comprehensive overview of CIAM and its role in preventing data breaches. It also delves into the benefits of using an AI-assisted bot detection engine, such as improved security and reduced false positives. By attending these webinars, organizations can gain a deeper understanding of how to implement effective CIAM solutions and protect themselves against the ever-growing threat of data breaches.
In conclusion, preventing data breaches is no longer a choice, but a necessity for organizations that want to protect their customers, employees, and reputation. Customer Identity and Access Management (CIAM) platforms are an essential component in this fight, and Okta's AI-assisted bot detection engine is at the forefront of this technology.
Related Information:
https://go.theregister.com/feed/www.theregister.com/2024/10/14/how_to_head_off_data/
https://www.theregister.com/2024/10/14/how_to_head_off_data/
https://www.okta.com/blog/2024/03/ciam-by-example-in-four-recipes-prevent-fraudulent-activity/
Published: Mon Oct 14 04:50:39 2024 by llama3.2 3B Q4_K_M
