Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Whenever anything of value is transferred between parties online, there will be crooks lurking in the shadows, looking to defraud the participants. As consumers, we almost expect them to be there. As businesses, it’s often our responsibility to protect our customers and prospects from being defrauded by bad actors masquerading as our representatives. Airline-related fraud accounts for an estimated 46% of all fraudulent online transactions.

Every day, new headlines emerge about another major corporation falling victim to a cyberattack, leaving businesses everywhere questioning their vulnerabilities. These breaches underscore the critical need for thorough risk assessments to identify and mitigate potential weaknesses. Proactively managing risks enables organizations to better defend against the relentless wave of cyber threats.

Estimating the potential impact of a successful cyber attack may seem impossible, especially given the rapid expansion of organizations’ digital footprint (and, consequently, their attack surface). One example are attacks which pertain to the contact points between businesses and clients, such as websites and mobile apps. In particular, these assets can be cloned and used for phishing attacks.

Two deceptive tactics—spoofing and phishing—are at the core of many cyberattacks. Understanding these threats is essential for protecting your digital assets.

Phishers are in the business of deception. They trick unsuspecting individuals into compromising sensitive data, potentially bringing an entire organization to its knees. Awareness training for employees is one of the most important tools a company can use in its anti-phishing strategy. However, it also has its downsides. Some of these flaws can, and should be fixed. Others leave no choice but to complement training with additional anti-phishing tools.

Risk management has always been a central part of business, especially for financial institutions. From bank loan underwriting to insurance premium calculations and payment risk assessment, comprehensive risk management methodologies are vital to any business that deals with high-trust user actions. In particular, risk management is crucial to combating fraud – a huge global problem, the broad economic impact of which is clear.

We’re in an era of connectivity and convenience, but this has also opened the floodgates to a new wave of cyber threats. Among the most insidious and pervasive is credential stuffing, a cyberattack that exploits the human tendency to reuse passwords across multiple online accounts. This threat is more than just a digital inconvenience. Verizon’s 2024 Data Breach Investigations Report reveals that more than 49% of breaches caused by external actors involve stolen credentials.

Passwords are broken. They’re the weakest link in our digital security chain, costing businesses billions. According to a study by Forbes Advisor, 46% of Americans have had their passwords stolen in the past year. Traditional password-based authentication is weak and makes individuals and businesses vulnerable. But what if we didn’t have to use passwords at all?

Throughout history, technology has been a catalyst for solving many civilizational problems. The advent of artificial intelligence (AI) presents an incredible opportunity to combat cybersecurity risks and bolster the defenses of organizational IT networks. The good news is that it’s already making an impact by reducing the average dwell time of cyber attacks by as much as 15%. But AI holds much more promise.

Passwords are the digital keys to our lives. They unlock everything from our most sensitive financial data to our personal communications and cherished memories. For online businesses, they are a safety net that allows customers to transact business and make purchases with apparent security. Yet, for all their importance, passwords remain a glaring weak point in online security. Consider this: 81% of data breaches hinge on compromised passwords.