Account takeover and fraud schemes are costing consumers, banks, retail organizations, healthcare and other online businesses billions of dollars each year. What’s more, the cost of these attacks is on the rise—according to Riskified, losses from account takeover rose 122 percent from 2016 to 2017 and increased by 164 percent the following year.
In an ever-accelerating trend, estimates are that 90 percent of the wireless locks sold are integrated with other smart devices. No longer will you struggle to manage a variety of insecure and vulnerable physical credentials when you can manage all of that through a mobile app. As this market expands into non-traditional access control applications, the necessity for an access control credential on an ubiquitous mobile device becomes mandatory. In the very near future, everyone will carry a credential, and a mobile credential housed on a smartphone is the only viable way to address these needs.
For a long time, it may have seemed like consumers virtually had no power, and that businesses could do anything they want with individuals’ private information with nearly no repercussions – but that time is rapidly expiring. With increased state regulations, it is clear that businesses must step up their security game by pseudonymizing their data, rendering the data unidentifiable, so when that data travels across state lines and organizational boundaries, the data is still protected, as well as the business and its reputation.
Today, the average American leaves the house with a smartphone that has more computing power than the systems that landed humans on the moon. The Internet of Things (IoT) enables refrigerators to tell you that you’re running out of milk and cars to provide assisted driving. The reality is that the knowledge economy is in full swing, and the modern world’s relationship with technology has advanced to a state where nearly all aspects of our daily lives are touched by the internet.
As threats from the cyber and physical realms become increasingly prevalent and complex, enterprise security teams must arm themselves with an integrated approach to security operations—one that incorporates cybersecurity, physical security and advanced technologies such as artificial intelligence (AI) and machine learning.
Enterprises today have become increasingly reliant on mobile workers and flexible working lifestyles. Plus, they are opening internal resources to outside users, including contractors, partners and service providers.
American universities are breeding grounds for innovation and research for students from across the globe. They are also a primary target of IP theft and cyber-attacks by some of these very students and their governments. America’s universities, supported by industry and by the U.S. federal and state governments, must be ready to protect the billions of U.S. dollars invested by the U.S. government and corporations to develop new technologies.
As the person in charge of your healthcare organization’s information technology, one of your responsibilities is protecting patients’ and clients’ information. This can be difficult because third-party vendors with whom you contract can unwittingly jeopardize the security of that information. But you can take steps today to help prevent those problems tomorrow.