According to the state of identity security 2023: A spotlight on financial services, 93% of financial institutions reported that their organization has faced a breach in the last 2 years.
This eBook explores:
How to leverage AI to streamline processes and prevent breaches;
What you need for maximum...
With the continued digital transformation and acceleration, finance organizations have moved towards modernizing legacy systems with a shift to the cloud alongside an increased focus on zero trust. The research upon which this whitepaper is based aimed to uncover the current state of identity security within the...
A finalist at this year's RSA Innovation Sandbox contest landed Series A funding to detect threats and secure access for nonhuman identities. The $25 million will enable Astrix Security to expand from managing access for nonhuman identities to understanding threats to services and applications.
Socure has purchased a document verification startup founded by former members of Airbnb's Trust and Safety Team for $70 million to better detect fake identities. The deal will help Socure optimize the digital capturing and back-end processing of driver's licenses and passports at faster speeds.
Seed funding for Israeli cybersecurity startups has blossomed despite the economic downturn, and both deal volume and size have strengthened in 2022 as compared to 2021. The indefinite closing of the initial public offering market in spring 2022 caused late-stage investment to fall off a cliff.
Security researchers have demonstrated a practical attack that can be used to defeat biometric fingerprint checks and log into a target's Android - but not Apple - smartphone. Dubbed "BrutePrint," the brute force attack is inexpensive and practical to deploy at a large scale.
Huntress has completed a Series C round to expand beyond the endpoint protection market and bring managed security to identity and cloud. Hackers are increasingly going after employee accounts at SMBs and using the compromised identity to move into other systems via SSO, CEO Kyle Hanslovan said.
The successful implementation of a zero trust strategy requires a comprehensive vision that combines simplicity, visibility and practicality. By taking a phased approach and aligning it with a unified goal and vision, organizations can establish a robust foundation for zero trust adoption.
Humans continue to reuse simple passwords that criminals can access, and passwordless continues to be the way forward. Jeff Shiner, CEO of 1Password, said we're making progress toward the future of authentication - passkeys - and discussed when, why and how to adopt them.
Everyone needs to have a security-first mindset for identity because as much as it is a defender's shield, it is also an attacker's target, said Rohit Ghai, CEO at RSA. In fact, identities are the most attacked part of enterprises, yet too little energy is spent on monitoring them.
In the online world, knowing and trusting who you are interacting with has been a problem for decades. When it comes to assessing the state of identity verification, "we certainly have a lot of problems to address," according to identity expert Jeremy Grant of Venable.
While multifactor authentication helps solve some of the problems with passwords, we still need to get to being truly passwordless, said Susan Koski, PNC Financial Services. She said adopting the FIDO standards, using zero trust and relying on authentication analysis can all help speed the journey.
Thoma Bravo has agreed to spend $12 billion on three high-profile identity acquisitions to help with the transition from on-premises licenses to cloud-based subscriptions. Vendors in the space must expand their customer success organization and shift incentives for the salesforce, said Chip Virnig.
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