This paper explores how enterprises can move beyond the password (something the user ‘knows’) to an intelligent authentication process that eliminates the risk of weak and vulnerable passwords. It works by cross-validating with other authentication methods like a physical item such as a token or smartphone (something the user ‘has’) and/or a personal attribute like a fingerprint or retina scan (something the user ‘is’). Two-factor (2FA) authentication and multifactor authentication (MFA) are now possible with intelligent authentication across corporate software, Cloud services and smart device apps.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.