Security Challenges Faced By Enterprises

Studies have shown that the number and frequency of cyberattacks have been on the rise since 2015. As technology continues to develop, the world of IT security has to stay on its toes and evolve to adapt with new software technologies. Hackers will consistently seek ways to target businesses with poor security and outdated IT infrastructures. With the copious amounts of data being stored and processed, retail organisations and enterprises face the highest threat of cyberattacks.

In this article, we shall place a magnifying glass over the security challenges businesses will encounter and how they can be handled.

Weak Passwords

Passwords and password-related issues are one of the weakest and the most common chinks in any organisation’s cybersecurity armour. Many businesses are still using password policies that are outdated, giving rise to passwords that are weak and easily stolen. With modern identity and access management (IAM) services in place, password management and password-related issues will no longer be a problem for businesses, thus enhancing IT security.

Phishing Attacks

Many successful attacks from hackers come from phishing schemes that fool and manipulate the user into giving away their password and login credentials. Through emails and other social engineering tactics, even the most security-conscious user can fall prey to a phishing scam and have their accounts breached. Raising awareness and highlighting the possibility of a phishing attack may alleviate the problem, but the security risk still remains due to the reality of human error.

With an IAM system implemented, phishing attempts and other malicious attacks can be prevented.

Third-Party Vulnerabilities

External vendors and parties are often roped in by organisations for work purposes. However, third-party suppliers are often vulnerable and therefore create an opening in the company’s security. Organisations must therefore bear in mind the weaknesses of their external parties. Third-party vendors are also a high target by cybercriminals as they may not have the latest security controls installed. Furthermore, many third-party vendors prioritise ease of access over security, sometimes even sharing generic credentials among their employees. Once these credentials have been compromised, hackers can infiltrate into other systems to retrieve highly valuable and sensitive information such as credit card data.

Fortunately, the implementation of an IAM system can eliminate these security challenges, allowing businesses to function and continue working without the fear of online attacks. A robust IAM system will enable organisations to manage the identity lifecycles of all user accounts, including third-party suppliers. Additionally, the provisioning and de-provisioning of account privileges can become automated, preventing attacks that are incited by phishing schemes and stolen credentials. The added layers of protection through multifactor authentication and authorisation mechanisms will prohibit any replay attacks from cybercriminals. Based on the IAM model that is appropriate for the enterprise, the IT security needs of the organisation can be catered to and fulfilled, allowing organisations to invest more time and energy on large-scale initiatives and projects that will aid in company development. Modern identity and access management (IAM) products offers a plethora of solutions to any cybersecurity challenge.

How To Protect Your Business Systems

Most legacy security systems are focused on protecting the accounts with privileges and access to corporate resources and information. If those accounts are compromised by hackers, they can be used to create back doors and ghost accounts, as well as, leak highly confidential data and prevent other legitimate accounts from functioning.

Aside from privileged accounts, there are also other business systems that grant access to data such as credit card numbers, social security numbers, protected health information, and other sensitive particulars. These systems contain highly valuable and confidential information that should also be safeguarded with the same level of security. Keep on reading this article to learn more about the business systems that require IT security and protection.

1. Email

The basic system of communications in the corporate world – employee email accounts are filled with information that must be guarded at great costs. Without email encryption, there is a plethora of ways for hackers to break into email accounts and cause the leakage of confidential emails and client files. Businesses must therefore ensure that their email systems are secure, using the latest patches and updated encryption tools to protect their data.

2. Customer Relationship Management

Another business system that is often overlooked is customer relationship management (CRM) software. CRM systems are treasure troves for hackers, with information on corporate finances and sales data, as well as, corporate intelligence, banking wiring instructions and the personal particulars of the company’s customers. With such highly confidential and proprietary information at stake, businesses should be warned of malicious attempts and security breaches should they wish to survive.

2. Help Desk Systems

As they are a grey area between a business system and an IT system, help desk systems are not as robustly protected as they should be and often fall prey to phishing attacks. In addition, help desk systems are usually operated by employees who are not well-trained in digital security. With a modern identity and access management service, the weaknesses of help desk systems can be mitigated.

3. Collaboration and Project Software

Businesses may use software that is designed to foster the collaboration and the exchange of ideas and information. However, as these software are often by a third party vendor, they are susceptible to being hacked through weak passwords and outdated security patches. Companies may face challenges in securing project software and applications without inhibiting the experience of users. Whether businesses wish to invest in additional steps of encryption, it is up to them.

4. Customer Portals and Websites

Most portals and websites that are created for the convenience of customers generally treat security as an afterthought. After all, if the security controls become a burden, customers will be turned off and visit other competitors’ websites. The unfortunate reality is that these customer portals and websites can be easily hacked into, due to the vulnerability of weak sign-ins and patches.

In order for organisations to avoid data and security breaches that will be extremely costly to manage, systems that contain highly sensitive and valuable information should be safeguarded at all costs.

Cloud Computing and Identity Access Management

For you and I, cloud computing has been a nice innovation, an easy way to store personal files without worrying about our devices running out of space. Users can access and use these files as long as they have an Internet connection. Cloud computing has revolutionised businesses and will continue to change the landscape for data storage and access.

Put simply, cloud computing offers consumers and businesses to store files and run programs over the Internet. Business entities are moving away from on-site servers and hard drives. Once-localised data is shifted and housed on the Internet, centralised in a single web space and accessible via different applications. While this is undoubtedly convenient, this development opened a Pandora’s box for identity access management.

Today, we will take a closer look at a few challenges for identity and access management arising from the shift to cloud computing.

Naturally, one of the largest issues facing identity access management is the difficulty of maintaining secure and proper access to the information on the cloud. Without proper identity management, all members of the cloud will have unlimited access to sensitive data and applications on the cloud.

For large businesses, important information concerning operations or customer information will be at risk at being stolen or tampering from an unauthorised breach. Unwanted entries must be warded off. Even for the cloud’s members, proper identity and access management must be observed to ensure each individual user only has access to the appropriate amount of data.

In 2013, the well-publicised case of a hacking of Target’s data resulted in the theft of over 40 million credit card details. Hackers used a 3rd party vendor’s details to gain access to Target’s data cloud, before spreading malware to steal the data of millions of credit cards. This perfectly illustrates the risks of cloud storage and it’s challenges to identity management: once an individual has access to the cloud, virtually every byte of data can be accessed if there is insufficient management.

Managing the authentication of each user on multiple devices is another challenge for identity and access management. Identity and access management services must consider that cloud-based data can be easily accessed by mobile and personal devices.

Authentication methods must be strong enough to handle lower levels of security measures on personal mobile devices. It has to confidently confirm the user’s identity before granting access to important apps or data. However, overly complicated authentication methods can cause users to simply find ways around security measures, effectively negating whatever safeguards were put in place.

Therefore, the ideal identity and access management product meets the challenge of user friendliness while still ensuring the strength of its authentication methods. Repeatedly demanding personally identifiable information (PII) is enough to turn anyone away from a product or application.

When all is said and done, cloud computing is a real handful for those managing proper identity and access. Stopping unwanted access, properly managing intra-cloud access for different users and handling mobile authentications are just some of the challenges for identity and access management.

Top Identity and Access Management Challenges in Business Environment

Modern businesses vouch for incorporation of foolproof identity access management (IAM) system. Businesses in Singapore favor IAM implementation so that sensitive data and information aren’t stolen through hacking or data theft. Implementation of identity access management is extremely challenging; however, companies have to address and overcome them by framing a robust policy.

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5 Highly Effective Yet Simple Methods of Securing a Website

With recent reports of security breaches on banks, federal agencies, big multinationals, and many other companies worldwide, ask yourself how secure your website is. Hackers target sensitive clients’ information and even risk draining your company and siphoning clients’ money using the stolen data. While the issue of cyber security is a very complex one because it keeps changing from time to time, it is still possible to secure your website using the following 5 simple methods.

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