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Titan Identity by GoSecure detects attacks on enterprise identity systems 

GoSecure has released Titan Identity, a solution that combines technology with a managed service to provide a cost-effective, deployable solution that enables organizations to improve credential theft response times. 

Threat actors use a variety of techniques to exploit identity services such as Active Directory because they recognize that identity controls access to everything. Insufficient privilege access and lateral movement controls were found in 93% of Microsoft investigations conducted during ransomware recovery engagements, according to Microsoft’s 2022 Digital Defense Report. 

Jeff Schmidt, CTO at GoSecure commented, “Any company operating Windows and using domain identity has a common, high-risk attack surface. Unfortunately, early detection often fails because of excess noise, poor visibility, or uninformative alerts. 

Titan Identity is a specialized solution intended to complement, rather than compete with, a SIEM by focusing on attacks against domain identity, where specialized technology and insight can deliver superior results.” 

Detecting these attacks in the shortest possible timeframe is critical for reducing the likelihood of a successful breach. Yet, breaches caused by stolen or compromised credentials had the longest lifecycle — 243 days to identify the breach, and another 84 days to contain the breach (IBM Cost of a Data Breach Report 2022). 

GoSecure Titan Identity is a purpose-built detection service designed to reduce the time it takes to detect and respond to attacks on enterprise identity systems such as Microsoft Active Directory. 

Key advantages consist of: 

  • Reduced detection and response times for the Incident Response team thanks to continuous, ongoing visibility into identity attacks across hosts, servers, VMs, containers, desktops, and laptops across the enterprise. 
  • Decreased false positives, avoided a second user interface, and delivered alerts with enhanced messages to increase productivity for analysts. 
  • Increased return on previous investments in SIEM/SOAR by utilizing SIEM infrastructure, enabling use of non-SIEM logs that exceed your indexing and storage budget, and supporting new SOAR playbooks with automated actions. 
  • Verifiable accuracy is made possible by continuous, automated testing and performance measurement. 
  • By avoiding network probes and sensors, deployment and change costs will be lower. 
  • Increasing the internal team’s capacity to detect identity attacks by giving them access to a team of data scientists. 

Trulioo identity verification software assists firms in complying with regulations

Trulioo is aiming to improve its identity verification skills by integrating a complete set of global business and person verification services with no-code workflow development, low-code integrations, and more, all on one platform.

Customers of Trulioo have access to personal identification information matching, identity document verification, utility data for address verification, watch-list screening and ongoing monitoring, business verification for comprehensive person-of-significant-control and ultimate-beneficial-owner verification, and fraud prevention tools with just one contract.

“Trulioo is the identity platform businesses turn to in order to solve the inherent complexity in onboarding customers globally. We enable businesses to offer their goods and services in nearly every country in the world and remain compliant. We provide our customers with industry-leading capabilities backed by best-in-class customer success so they can focus on their business and customers,” said Steve Munford, CEO of Trulioo.

Growth and innovation opportunities are presented by the recent boom in internet commerce, mobile payments, and digital currencies. However, it also creates difficulties for companies to combat fraud and adhere to globally varying standards like Know Your Customer, Know Your Business, and Anti-Money Laundering procedures. Companies can provide streamlined onboarding and produce intuitive customer experiences that foster inclusivity and trust by using a single platform and one contract.

Trulioo, in addition to delivering worldwide person and company verification services, gives:

  • Customers can conduct business anywhere in the globe by utilizing its broad experience, adaptable identity verification methods, and extensive global data sources.
  • The Trulioo Portal, which offers no-code and low-code integration techniques, single sign-on entry to all verification services, auditable reporting, and performance analytics are all provided by Trulioo.
  • Users of Workflow Studio, a no-code workflow builder, may quickly create, set up, and deploy logic-driven identity workflows.
  • Through one low-code API, API Direct, any Trulioo service can be linked to an existing system.
  • Connection to first-party, external sources of information, and third-party apps
  • Navigator is an online education portal that offers guided training and workshops for best practices to make solutions and industry expertise accessible.
  • Personalized assistance and continuous assistance from reliable professionals, including data source investigation and process improvement.

Michael Ramsbacker, Trulioo CPO said, “We built a platform that solves for the numerous identity verification challenges global enterprises face every day.”

He further added, “Trulioo is the only company that delivers an integrated, high-performance platform with comprehensive capabilities, out-of-the-box processes and models, easy no-code configurability, and the ability to customize and amend functionality. We are giving our customers the power to create verification workflows that best meet their needs with just one contract and in one intuitive platform.”

Mitigating Risks of Remote Access: Best Practices for Businesses

Businesses are rapidly shifting to remote work in today’s landscape. This major shift has increased the need for secured remote access as it allows employees to access company resources from anywhere, anytime. Remote access can increase flexibility, collaboration, and productivity, but it also exposes businesses to a variety of security risks. As a result, securing remote access has become a critical component of businesses’ cybersecurity strategy. Businesses need to employ effective strategies to protect sensitive data and maintain network security. Businesses will keep falling victim to cyber-attacks, data breaches, and other forms of cybercrime if proper security measures are not in place, which can be detrimental to the company’s reputation.

Identifying and Managing Risks of Remote Access

Remote access can expose a company to a variety of security risks. Unauthorized access is one of the most serious risks. It can be difficult to ensure that only authorized individuals have access to company resources when employees access them from remote locations. Furthermore, because sensitive information can be transmitted over insecure networks, remote access can increase the risk of data breaches.

Another risk associated with remote access is the possibility of malware and other malicious software infecting company systems. Remote access can make it easier for hackers to gain access to a company’s network because employees may be using unsecured personal devices.

To mitigate these risks, businesses must implement a comprehensive approach to remote access security. This includes identifying and managing remote access risks, implementing best practices for remote access security, and remaining vigilant in the face of ever-changing security threats.

Best Practices for Securing Remote Access to Your Business Network

Implementing strict access controls is one of the most important steps in securing remote access. This includes requiring employees to use strong passwords and two-factor authentication when accessing company resources. Businesses should also use firewalls and other security measures to keep unauthorized people out of their networks.

Securing Remote Desktop Connections for Your Business

A virtual private network (VPN) can be used to encrypt data transmissions, which is another best practice for securing remote access. VPN makes it difficult for hackers to intercept sensitive data by establishing a secure, encrypted connection between an employee’s device and the company network.

Businesses should look for a VPN that offers strong encryption, a variety of protocols, and a no-logging policy when selecting a VPN for secure remote access. Businesses should also make sure that the VPN is simple to use and supports a variety of devices.

Managing Remote Access Security for a Mobile Workforce

Businesses need a plan for managing remote access security for a mobile workforce because more and more employees are working remotely. This entails putting in place security measures like mobile device management (MDM) and mobile application management (MAM) to guarantee that business data is secured on employees’ mobile devices.

Implementing Two-Factor Authentication for Remote Workers

An efficient method for securing remote access is two-factor authentication (2FA). Users are required to provide two forms of identification, such as a password and a fingerprint scan or a password and a one-time code received on their phone for authentication. Unauthorized individuals will find it much harder to access company resources as a result.

Conducting a Remote Access Security Audit for Your Business

Carrying out a remote access security audit for your company to find any potential weaknesses is required. It also gives an overall idea of whether your security measures are working or not. This mostly involves looking over the security of remote access protocols, assessing the security of connections to remote desktops, and scanning for vulnerabilities. Once you get a proper audit report, you can redesign your security strategy and mitigate any loopholes available.

Moving Ahead

To safeguard sensitive information and keep their networks protected, businesses must secure remote access. Businesses can guarantee the security of their remote access systems by identifying and managing risks, putting best practices into practice, and performing routine security audits. Businesses should prioritize securing remote access in order to stay ahead of security threats given the growing trend of remote work.

Emerging Fraud Trends in 2020

Let’s sneak a peek into major emerging fraud trends in 2020 to combat frauds. With evolving technology frauds are getting sophisticated. It is crucial for financial enterprises to be vigilant on various emerging frauds, quickly detecting and mitigating them. 

  • SMS Spoofing – is an emerging trend with the increasing use of mobile networks globally, sending bulk SMS by replacing the original mobile number, details with alphanumeric text and using it for deceiving and illegitimate acts. SMS spoofing is also used to conduct APP frauds, using technology to impersonate a reliable such as PSP as a sender of an SMS message. Targets and victims get these messages showing up from banks to which they react and respond thinking it’s from their banks however these are from the fraudsters waiting for an opportunity to commit fraud. The prevalent example of SMS spoofing is the text message comprising links to mobile malware suck links if clicked by mistake could lead to a malicious app being installed on your mobile thereby stealing your identity or valuable files for redemption.
  • Authorized push payment fraud (APP) – FCA (Financial Conduct Authority) executed a rule with effect from 31st Jan 2019, enabling victims of APP fraud with specific criteria to complaint to both, the sending PSP and receiving PSP supplier and not just to the sending PSP. Implementation of this rule has helped in reducing the fraud rates thereby fighting real-time payment fraud. This also is trending as a strong layer in managing data integration and leverage analytic insights thereby minimizing and combating APP fraud.
    e-Commerce Fraud – With e-commerce growth, online fraud is becoming sophisticated with the use of the latest technology to hack systems, such as online payment fraud, identity fraud, mobile fraud, digital wallet fraud, data breach, and loss of personal data. ECommerce in the fraud space must be given the required attention and protection with the EFM platform, integrated with advanced technologies and automated tools helping to combat and mitigate evolving online frauds.
  • Social and Voice Banking – Financial organizations are using innovative channels like social and voice banking such as Alexa, chatbots which are developing avenues for automated systems. With new channels come new challenges such as registration services are not robust and have certain loopholes which the cybercriminals take advantage of and conduct frauds.
  • Breaching 2FA – LinkedIn, Gmail, Facebook, Skype, and Google are using two-factor authentication (2FA) which creates a second layer of security curbing data breaches and identity attacks. However, cybercriminals and hackers are tech-savvy, conducting sophisticated frauds using technology to their advantage are accessing personal information, compromise systems, and clear bank accounts or take over the accounts (ATO).

Fraud Trends 2020

  • Increasing Identity Theft and Synthetic ID Fraud – Financial landscape is experiencing a revolutionary transformation, and tech-savvy customers expect banks to deliver a seamless experience. In the era of sophisticated threats, it is imperative for organizations to utilize AI and ML-based technology in EFM, to differentiate among anomalies, suspicious and harmful frauds. AI and ML are becoming critical, empowering banks to manage large volume datasets, early detection of behavioral patterns, ensuring safety and security of data integration, deep analytics insights, personalized customer experience, automated systems, reduced false positives, optimized operational efficiencies, reduced costs and maximized profits.
  • ATM Fraud – Increasing ATM services by banks such as real-time payments, card-less cash withdrawals are also leading to sophisticated fraud attacks such as card skimming and card shimming attacks, leading to emerging growth in ATM fraud and attacks.
  • Deepfakes and Voice Biometrics – Voice-fraud is the latest form of deepfake technology, emerging as a major threat in the fraud landscape. Fraudsters recently made headlines in the USA for deep faking voices of various CEO and established people. Conmen are perfecting deepfake to impersonate people to conduct fraud. With advancing technology, it’s really challenging to differentiate between original identity and fraudster. Cybercriminals may use deepfake on a larger scale to attack the C-suite and PSP’s verification measures to perform financial fraud.
  • Institutional Disruption – Cybercriminals are constantly hunting for large-scale campaigns causing disruption. They can perpetrate data of bank mergers and acquisitions by asking customers to re-verify credentials, update data and settings resulting in ATO attacks. Institutional disruption is likely to rise in the near future.
  • Digital Transactions – The new Age digital transactions are significantly Increasing Enterprise Risk Landscape and Vulnerabilities. Digital transformation is the foundation of most enterprise strategies today, and its increasing pace is significantly impacting technologies thereby drifting towards the integration of cashless economy, cloud adoption, mobility, the explosion of the Internet of Things (IoT), and deploying new solutions. The integration of all these systems, technologies are enabling a data-driven approach posing various security threats, as these inter-connected systems accelerate the speed and threats of attacks across the financial globe.

Enterprises are battling security issues with the increasing network complexity, rising gaps in security protection, polymorphic attacks, and compliance issues. It’s imperative for businesses to be secure, vigilant, and follow security best practices such as integration, automation, using technology and data to drive innovation. With the ever-growing digital transactions, enterprises are digging in real-time data analytics and blockchain integrated with cognitive learning to prevent risks arising from digitalization.

In 2020 financial enterprises are embracing new technology innovations and integrating intelligent automation with AI and ML into their EFM solutions. It is time, financial organizations to think differently and take advantage of updated technologies and integrate them into their processes.