With the recent uptick in major database breaches, the weekly news is rife with warnings to protect one’s identity and credit card information. This includes watching what network one’s devices are attached to, what gets sent over those networks and what malware might be on board with an eye on password information. Additional warnings have been sent in recent months about the illegitimacy of certain apps on the Apple and Google app stores, and this is going even further to cement the idea that malicious users are going great lengths to undo what IT developers are trying to protect.
Company breaches usually start on the bottom level with the common user. If it’s not the result of them divulging sensitive information in the first place, it’s often a fatal mistake that’s made by a single representative who allowed the wrong information to get into the right hands. However, there are critical infrastructural problems that have a hand in this as well. Either way it adds up, the costs of curative efforts to reverse breach-based damages are no small matter. Consider the following:
- Number of Vendors Utilized
Studies recently found that roughly 33 percent of the manufacturers on the market today rely on the services of at least 25 vendor companies and frequently many more than that. Another 10 percent utilized at least 200 such companies, each with their own representatives and software in tow. These figures aren’t optimistic for security.
- Amount in Damages
General database breaches always impart damages of at least six figures. Ninety percent of such breaches will yield $190,000 or more in aggregate damages while the last 10 percent succumb to costs of $750,000 and higher. Accounting identity theft on top, those six-figure stats jump to well above eight-figure stats — tens of millions or more.
- Areas to Repair
It’s not just indemnifying the affected clients whose data was affected; it’s also repairing customer relations, tending lawsuits and court fines, accelerating advertising and improving the security infrastructure. All of these add up to an experience that can’t, at minimum, be considered “inexpensive” by any stretch.
- Inherent Security Flaws
The overuse of old security methods without synergy or innovation has afforded malicious users the means and the time to develop new ways to gain access to an encrypted system. While multifactor authentication (MFA) has long been a valued resource to protect users, it and single sign on (SSO) measures aren’t effect enough on their own to fully protect a business and its staff.
OneLogin’s Combined Solution
Many investors are turning their eyes to OneLogin, a software security company that works by implementing single sign on measures in applications and websites to prevent anyone from gaining access to certain content on the servers without first referencing the multifactor authentication. This is accomplished by none other than throttling the access choke down to a single doorway that clients, employees and executives alike can all access expeditiously while malicious entities are locked out.
The SSO works incredibly well when combined with MFA to arm the entrance to the teeth with sentry software, monitors and alert systems. This keeps intruders at bay while legitimate users have no difficulty getting their feet in the threshold thanks to a hardware certificate and other stats that track the expected login credentials of the real profile owner.
OneLogin has rapidly gained a name for itself in a time of IT strife, and their services are exponentially increasing in popularity as more businesses rely on them to consolidate multiple login portals under a unified and highly secure banner.