by Rebeca | Dec 7, 2022 | cybersecurity, soffid
Cybersecurity Trends in 2023
According to a report recently published by the insurer Hiscox, cyberattacks in Spain have an average cost per company of 105.000 euros, almost double compared to 2020, which was 55,000 euros. The cost per company reaches, on average, 78,000 euros worldwide.
The reputational damage must be added to the economic cost, becouse a security breach can cause reluctance or fear among users and clients when hiring their services.
Today we share the trends in cybersecurity in 2023.
Cybersecurity Culture
Businesses will continue to fight phishing, ransomware, and DDoS. Remote work is here to stay, along with the security risks that come with it. Unshielded home networks, untrained employees, and the absence of a cybersecurity culture will pose a serious threat to organizations unless they take the proper precautions. A new geopolitical reality. The ongoing war, coupled with the energy crisis, may result in attacks on critical energy infrastructure.
Security Practices improvement
The CISO is responsible for setting the strategy, but cannot implement that strategy if there is no buy-in from other areas of the organization. It is up to the members of each department to apply the controls that the security team recommends or requires. This disconnect between the expectations of the security team and the actual implementation is where things fall apart. In 2023, organizations will look to solve this problem and place more departmental emphasis on implementing security best practices.
Zero-Trust Architecture
Businesses will address ransomware threats from several ways, from improving cyber skills by working with the security team, to the right security tools such as multi-factor authentication, and training courses. Zero-trust architecture investment to validate access and improve security will increase.
Transparent Cybersecurity with customers
The way companies interact and communicate with their customers will need to change in 2023 as the public becomes increasingly aware of ransomware threats and data privacy issues.
As data breaches become increasingly public, rather than trying to downplay or hide the incident, organizations will need to admit the problem and provide details about the steps they are taking to mitigate the problem and prevent future breaches.
Customers will appreciate this honesty and will be more likely to do business with companies that are open and transparent about their cybersecurity practices.
Visibility and security of connected devices
Leading organizations will target connected device cyber practices by establishing or updating related policies and procedures, updating inventories of their IoT connected devices, monitoring and patching devices, refining device acquisition and disposal practices with security in mind , correlating IoT and IT networks, monitoring connected devices more closely to further secure those endpoints, manage vulnerabilities, and respond to incidents.
Supply chains threats
Today’s hyper-connected global economy has led organizations to rely heavily on their supply chains, with threats evolving in complexity, scale, and frequency, so organizations will continue the drive to innovate and mature their transformation capabilities. risk and security.
Organizations are focusing on implementing and operating identity and access management (IAM) and Zero Trust capabilities that better enforce authorized third-party access to systems and data, and reduce the consequences of a compromised third party.
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Fuentes:
- Spiceworks.com
- Venturebeat.com
by Rebeca | Oct 19, 2022 | Uncategorized
Identity management is gaining more and more importance among companies, so it is necessary to have a defined strategy and an adequate solution.
Currently, sufficient attention is beginning to be paid to identity management, although it depends on the size of the company, but they are regularly producing two errors: On the one hand, quantification, as an example, and according to a recent report, 21% of the CISOS were unaware that their customers had been phishing. And on the other, simplicity vs. security, since identity management must be dealt with through progressive profiling.
One of the elements that creates the biggest problem with regard to identity management is usability. That is why we have to talk about digital identity, and we need a tool that makes a continuous and intelligent analysis of that access and that the user does not even appreciate it, so as not to generate unnecessary and duplicate access.
It is therefore important to establish a digital identity strategy, understanding the user’s journey, and knowing what are they looking for in our application or on our website. The customer must be at the center of any strategy to drive an organization’s business. Digitization has introduced registration processes, which took a long time before being able to start using that service. To this registration process we must add the need to remember countless passwords, which is also another negative point. For this reason, access has to go into the background and run transparently.
When providing a service to a user, the priority must be to facilitate the experience in a way that the user encounters as few obstacles as possible without reducing the security around identity control.It is necessary to deepen this relationship of trust.
In the case of employees, prioritize their productivity, having the necessary access in a simple way, only for what they need and for those who have authorization.
Soffid Access Management can be implemented throughout an organization and for all use cases: employees, customers, devices and objects. The identity solution allows you to associate access management, user-managed access, identity management, directory services, edge security, and also provides an identity gateway.
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by Rebeca | Oct 5, 2022 | cybersecurity, soffid
The Internet of Things (IoT) is reshaping nearly every industry, from manufacturing and transportation to home automation, telecommunications, and healthcare. By connecting devices with systems, data, and people, you achieve more personalized, automated, and enhanced experiences for your customers.
Therefore, safeguarding user privacy is becoming more difficult as the Internet of Things gains priority in our daily lives. More and more connected devices mean less control over increased connectivity and data collection activities.
In fact, control can be lost if someone hacks into your computer or smartphone, acting as a remote control for other devices. This form of cybercrime can even go unnoticed, unless a series of significant events occur that shock the user.
Smartphones store an enormous amount of personal data about their owners. With apps tied to email IDs, bank accounts, and in some cases appliances and vehicles, stolen data can lead to massive (and in many cases unsolvable) problems.
But regardless of the Internet of Things application, no consumer wants to lose control of their data. They want to determine what and who has access to your personal information, for how long, and under what circumstances.
IAM (Identity Access Management) also helps to identify devices as well as manage user access to data, and traditional IAM solutions cannot cope with the demands of the new era of Internet of Things devices, so it is necessary update the architecture, taking into account the number of device connections and looming security concerns.
Having a customer identity solution that facilitates consistent, multi-channel personalization is key to driving revenue and loyalty.
Customer identity data is one of your most valuable assets, and Soffid can help you protect it everywhere.
Soffid also allows customers to link and manage trusted devices so they can easily authenticate into different applications.
by Rebeca | Sep 21, 2022 | cybersecurity, Definitions, Resources
Identity and Access Management (IAM) helps ensure that only authorized people have access. No one else, have access to the technology resources they need to do their jobs.
Due to the COVID-19 pandemic, many companies have grown uncontrollably. So no longer have enough time and resources to control and manage the access that each user should have to carry out their daily activities. This has created gaps in security that can be disastrous for companies.
This is why managing the life cycle of identities is so important. Since it allows establishing an identity governance model focused on the needs of each company. Likewise, being able to automatically manage tasks such as the creation, deletion, modification and auditing of users. All in the respective applications used in companies.
Why is so important IAM?
Today, nearly 100% of advanced attacks rely on exploiting privileged credentials to reach a target’s most sensitive data and applications. If abused, privileged access has the power to disrupt your business. In the face of these modern threats, it is clear that identity has become the new security battlefield. An “assume breach” mindset, based on Zero Trust principles, is absolutely essential. But while cyberattacks are inevitable, the negative business impact is not.
Keep your company safe with the help of a Security and Identity Management strategy
Organizations that apply identity management avoid vulnerabilities derived from improper access by users or the appearance of orphan accounts, among others; that, in short, allow access to the organization’s systems by users who should no longer be able to do so for different reasons. A good identity security strategy is based on the principle of least privilege, whereby users are given only the minimum levels of access necessary to perform their job functions.
The principle of least privilege is generally considered a cybersecurity best practice and is a critical step in protecting privileged access to high-value data and assets.
key benefits of identity management for businesses
Identity access and management is useful in many ways, because it helps you ensure regulatory compliance, promotes cost savings and simplifies the lives of your users, due to the improvement of their experience. These are the main benefits of having an IAM solution:
- Easy access anywhere
- It favors the connection between the different parts
- Improve productivity
- Optimize User Experience
Do you want to keep your company safe?
Picture: Imagen de Freepik
by Rebeca | Jun 2, 2021 | cybersecurity, soffid
A constantly changing regulatory environment has become the “new normal” for data privacy. Consumers are demanding more protection and accountability. And with the flood of all the new and changing privacy regulations, data has become the newest regulated asset class.
Today, risk, security and data protection officers are responsible for planning, deploying and managing enterprise-wide data privacy and security programs. However, without buy-in from executive management — as well as participation from multi-departmental data stakeholders — the security program will probably not be able to effectively preserve and secure private and sensitive data, inevitably leading to an organization in regulatory non-compliance or falling victim to a data breach.
A Good Data Policy Offers Protection And Assurance
An effective security policy is put into practice throughout the organization. The policy defines the standards to which the organization will adhere and strive to follow. Data privacy and security policies must denote clarity, inclusiveness and well-defined procedures, rules and methods for regulating access to corporate systems and applications. A good policy protects customer, employee and third-party data. These policies are also testimony to investors, business stakeholders and the public at large about the organization’s commitment to data protection and privacy.
There are two operational approaches to data privacy and security. The first builds policies for various types of data and then determines access-level permissions. With this method, you would then look for any data that fits that criterion. Conversely, the other approach looks at all data, analyzes and identifies the different types, classifies and makes policy decisions on what to do with the data.
1. The Policy-First Approach
Addressing regulatory and compliance requirements is straightforward and often easily conquered with a robust policy. The policy will genuinely address the key areas and define the controls to put in place. These controls are built to target the areas defined by the requirements.
The limitation of building a policy-first data privacy approach is that it can impede the organization’s ability to discover data that doesn’t match predefined policy. Creating policies before you know what data exists is like a doctor prescribing medicine to a patient they’ve not diagnosed. To compensate, policies may be overly broad and less accurate. Ultimately, it could require more time and money to build additional guidance for data that you didn’t know you had.
2. The Data-First Approach
A data-first privacy and security program will have detailed and documented knowledge of all the elements that comprise the organization’s data ecosystem. It also features an acute understanding of the who, what, why, where and how of data collection and security measures and when it’s appropriate to delete data.
Private consumer data and sensitive corporate secrets are captured and used by various stakeholders throughout an organization — from human resources, product development and engineering to sales and marketing. Unfortunately, because of the many data-flows, changing formats and ways data is applied and stored, most organizations have a far from a complete picture of the data they hold.
Finding all the personal and sensitive corporate data stored in myriad places within a large enterprise can be an overwhelming challenge. Efficiently gathering data within corporate systems spread across multiple divisions, departments, and on-premises and cloud locations requires an approach capable of examining all types of unstructured and structured data and diverse systems, no matter where they’re located.
Bringing It All Together
A much more effective and comprehensive result can be achieved by examining the data first, then building policy criteria based upon all the data. Cataloging and securing all data will make it easier to satisfy compliance requirements. Whereas, if you just fulfill privacy mandates, you still need to secure sensitive data that doesn’t fall under privacy regulations. This includes intellectual property, copyrights, patents, trademarks, trade secrets, sales and marketing plans, product plans, patentable inventions, competitive information, financial data and more.
The key to protecting data is understanding the information about your data. Identity management systems provide IT teams with tools and technologies to control access to customer and employee data, and corporate secrets. Identity is a meta-foundational layer for data. Knowing who created it, who has access to it and what people do with it can all be tied back into identity. Think of it this way: I trust company A with my data because I know the company, and they agreed to use my data in a certain way. However, I may not trust company B to that same degree. It’s the same data, but a different and lesser-known company is using it.
Lastly, finding and deleting sensitive data that is no longer needed is an essential form of business protection. Removing data that has become stale and aged beyond its retention period will help effectively avoid any audit or compliance violations.
Sources:
(1) Forbes
(2) Security Intelligence
