How AI is Shaping the Future of Passwordless Authentication
Passwords have long been the standard for securing digital access. However, with growing cybersecurity threats, traditional passwords are just no longer adequate. According to Norton, over 80% of confirmed data breaches are linked to weak, stolen, or reused passwords, highlighting the critical role passwords play in security failures. The world is now tilting towards passwordless […]
How IAM Solutions Stop Security Breaches in Their Tracks
In 2016, Uber faced a devastating data breach exposing the personal information of 57 million riders and drivers. Hackers gained access through a compromised GitHub account where sensitive credentials were stored. This incident cost Uber millions and irreparably harmed its reputation. Breaches like this emphasize the urgent need for robust Identity and Access Management (IAM) […]
How Organizations Can Reduce Insider Threats in 2025
How Organizations Can Reduce Insider Threats in 2025 According to Secure Frame, by 2025, the global cost of cyberthreats is projected to reach $10.5 trillion, growing at a rate of 15 percent annually with insider threats accounting for approximately 60% of Data Breaches. The question isn’t whether insider threats will happen but how organizations can […]
Understanding the Principle of Least Privilege
According to Forbes, 74% Of Data Breaches Start With Privileged Credential Abuse with the cost of this breach being a staggering $4.88M in 2024 alone; a 10% increase from the previous year and the highest total ever, according to IBM reports. Protecting sensitive data and applications in organizations has now become critical to business continuity. […]
How to Choose the Right iAM Solution for Your Organization in 2024.
How to Choose the Right iAM Solution for Your Organization in 2024 According to Proofpoint, an average of $184,548 is spent by organizations annually to contain the consequences of insider threats. This is one of the many reasons why selecting the right Identity and Access Management solution is a critical step for organizations that want […]
How Identity and Access Management Protects Against Insider Fraud
Insider fraud has emerged as a critical challenge for Nigerian banks, with recent statistics showing a 23.4% increase from the previous quarter, jumping from 47 to 58 incidents. Although insider fraud represents a smaller fraction of overall fraud incidents, its impact is disproportionately severe. Employees with privileged access to critical systems hold the keys […]
ISO Compliance Made Easy
In 2019, British Airways faced a staggering £183 million fine for a data breach that exposed the personal information of around 500,000 customers. This incident, tied to failures in meeting GDPR requirements and ISO/IEC 27001 compliance, underscores the critical importance of robust information security measures. For institutions striving to meet international standards, ISO compliance is […]