Identity Matters - January 2024

A month into 2024 and it's proving to be full of cybersecurity developments and uncertainty. The Simeio team has our pulse on the identity industry to share a round up of all things cybersecurity and identity management.

Because Identity Matters.

Industry Highlights

5 ways to secure identity and access for 2024

When devious hackers are hungry for vulnerabilities, your enterprise needs to be five steps ahead. According to 微软 , an average of 30 billion password attacks were attempted per month in 2023. Are you ready for that number to climb in 2024? Get started on some of the latest identity security tactics of 2024 including Principle of Least Privilege, policy unification, and multicloud management with Microsoft’s handy rundown here

When IAM security conflicts with user experience

Protecting user data without compromising user experience is a constant struggle, one that is causing significant tension among IAM professionals. Useability concerns are slowing the adoption of things like passwordless authentication. One solution is to invest more into identity platforms; however many do not have the budget for it. Explore SC Media 's take on how it relates to recent breaches here.

Navigating the new frontier: Advanced security in the age of biometric breakthroughs

Broadening IAM coverage from a single user session to the entire user session is crucial to staying ahead of the curve. How do we protect the entire user session, stay vigilant and include biometric technologies? Explore the possibilities and dangers of this developing frontier with Biometric Update here

23andMe Blames User “Negligence” for Data Breach

Is it not the responsibility of companies to protect their customers’ data? According to 23andMe, not necessarily. In the wake of the November 2023 data breach which exposed 6.9 million customers’ information, the genealogy website released a statement laying the blame upon customers who did not practice sufficient identity hygiene. For more information on subsequent criticisms lobbied against the company and valuable lessons to learn from the incident, such as the importance of MFA and the overdue shift to passwordless, head over to Infosecurity Magazine here ?

66% of consumers would not trust a company following a data breach

According to Security Magazine , 66% of U.S. consumers would not trust a company after a data breach and 44% of attribute cyber incidents to a company's lack of security measures. The foundation of commerce is the trust between the customer and the seller; what would it mean for your enterprise if your users felt they could no longer trust you and abandoned their loyalty to your brand? Read Security Magazine's full analysis of the potential losses incurred by a data breach here

CES 2024: Will the Coolest New AI Gadgets Protect Your Privacy?

(Consumer Electronics Show) CES 2024 in Las Vegas promoted a number of intriguing new products including the LG Signature OLED T, ASUS ZenBook Duo, and Bmind Smart Mirror. These new AI-enabled devices promise enhanced consumer experience, however it begs the question of what (if any) kind of security the tech comes with. Go to Dark Reading for their in-depth coverage of the state of smart device cybersecurity here

Simeio Spotlights

SIMEIO Sales Kick-Off

Every year, the Simeio teams come together for our global sales kick-off alongside our customers and partners. As part of 2024’s kick-off, our team was honored to host a customer panel of identity leaders and practitioners where they discussed the driving trends around IAM and PAM.

Check our posts on the event here , here , and here ?

Digital Identity Management Lessons: Top 5 Takeaways from the 2024 SKO Customer Panel

We hope that, by sharing the panelists’ insights with the greater community, the collective quality of IAM services will improve. The customer panel at SKO 2024 provided a unique perspective on the driving trends and developments of the digital identity management industry. See our five key takeaways and considerations when implementing, maintaining, and expanding a digital identity management program in 2024 right here

Infographic - 5 Reasons Why Identity Orchestration is Key to a Robust IAM Program

The value that identity orchestration imparts to your organization cannot be overstated. By integrating appropriate identity management technologies, IO ensures a consistent and secure user experience across multiple applications and platforms. Learn the five reasons why IO plays a crucial role in a mature IAM solution here