New security offerings now come with the capability to detect, quarantine and potentially remediate attacks in real time, giving security professionals a chance to shore up human defenses instead of weeding through loads of data. Want to cut that 91.4 percent down to a more reasonable level? Start with better authentication.Īutomation is also a solid investment here. On the technology side of things, it’s time to implement two-factor authentication (2FA), which can easily hamstring most entry-level attacks. TechRepublic recommended developing specific identity theft protection polices and then taking the time to train users in how they will be implemented and what specific behaviors are expected. How can enterprises reduce the threat of stolen identity data and improve corporate response? Employee training deserves a mention here, since in-house users are the most likely source of unintentional data breaches. Given the emerging privacy regulations governing data handling practices around the world, breaches are more than just worrisome for the bottom line - they could also mean significant damage to public reputation and, in some cases, heavy fines. As a result, passwords, usernames, birthdays and Social Security numbers are now a dime a dozen, prompting attackers to seek out and monetize every available scrap of data on business networks.
As noted by TechTarget, a recent scan of Dark Web marketplaces by security firm 4iQ found a 41 GB repository containing more than 1.4 billion stolen credentials, all stored in cleartext. It’s easy to find personal data for sale. According to the Identity Theft Resource Center (ITRC), of the 174 million records breached in 2017, a staggering 91.4 percent came from corporate database attacks.īeyond their shock value, however, these identity theft statistics put enterprise security in the hot seat to improve data protection, develop better responses and mitigate future attacks. The numbers on identity theft are in, and it’s bad news for businesses.
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