Approximately two billion records were stolen between July and October 2019. That’s just in one quarter of a year! This is several times more than what was stolen last year – half a billion records. Even as organizations continue to invent new technology and pump in more and more funds (an estimated $124 billion in 2019) to secure data, the number of breaches also continues to rise – at an alarming rate!
It’s becoming evident that cybersecurity software solutions alone are not enough anymore. There is an urgent need to train employees and bring in experts who can close the loopholes left by software solutions. Therein arises the concept of offensive security.
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Today’s MNCs were once small or medium businesses (SMBs). Small and medium businesses are the proving ground for emerging technology, as they have tight budgets and require specific, targeted functionality that suits their style and processes. Once products and solutions pass this litmus test, they start becoming more mainstream, being absorbed more widely by companies and consumers.
On average, every person has 7.6 accounts – that’s a lot of user IDs and passwords for an individual! Remembering the user ID and password for all these accounts is obviously very cumbersome, and third party service providers have capitalized on this to provide password management services. A password manager is essentially a single repository for all your credentials. Two very popular password managers are LastPass and Dashlane. These are applications which will store your credentials in a “secure” database. However, they haven’t been spared by hackers, who breached their security to get access to thousands of user credentials.
Your employees accessing their personal email at work for a few minutes in a day sounds harmless enough. But access to personal email in the workplace is in fact a potential hazard to company data, security and productivity for a number of reasons.