Managing Remote Work: Security Risks and Mitigation Strategies
Remote work has transformed how businesses operate. Since the covid pandemic in 2020, so many businesses have now transitioned to either fully remote or hybrid work models. But the flexibility of remote work also comes with risk. According to Sentinelone, remote workers are prime targets for phishing scams, where attackers impersonate legitimate sources to steal […]
How to Prevent Account Takeover Fraud with Seamfix AI
Account takeover fraud (ATO) is a serious threat, with losses reaching nearly $13 billion in 2023 and attacks rising by 354% yearly. Hackers use stolen credentials and social engineering to access customer accounts and bypass security questions, causing significant financial and reputational damage. Seamfix AI provides a powerful solution to prevent ATO fraud. With tools […]
Common Types of Generative AI Fraud
Just recently, a finance staffer at a multinational firm fell victim to a scam that sounds like something out of a movie; he was duped into transferring a staggering $25 million to fraudsters who used deepfake technology to impersonate the company’s chief financial officer during a video call. It’s a chilling reminder of how quickly […]
Importance of Non-Repudiation in Identity Access Management
The European Central Bank found that strong customer access measures, including non-repudiation, helped reduce online banking fraud by 50% in the EU between 2019 and 2021. At its essence, non-repudiation is proof that a specific action—such as a transaction or document signing—was carried out by the claimed party. It goes beyond confirming identity (authentication) or […]
About Microsoft’s MFA Rollout
Microsoft’s move to enforce mandatory multifactor authentication (MFA) underscores the growing importance of securing user accounts and sensitive data. With Microsoft rolling out MFA enforcement in phases, businesses must prepare for the change to ensure a smooth transition and remain compliant. Here’s a detailed step-by-step guide. Policy Scope and Deadlines Before implementing the recommended changes, […]
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 […]
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 […]
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 […]
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. […]
The Complete Guide to Workforce Access Control for Modern Organisations
In 2024, over 91% of employees want flexible work arrangements. This shift opens doors for remote collaboration but also increases cybersecurity risks, with 84% of digital-first companies reporting more frequent threats. So, what is workforce access control? At its core, it’s a system that restricts who can access sensitive data and resources within an organisation, […]