When managing third-party remote access, the only way to ensure a vendor doesn’t compromise your network credentials is to never give them out. Neglecting the process of secure access management creates particular vulnerabilities in the case of third-party vendors and their access rights. When this myth is played out in the mismanagement of credentials, it can result in adverse consequences, especially considering that credentials permit access to all corners of a network. There’s a common misconception that third-party vendor access can be treated the same as employee access. How secure third-party remote access can prevent compromised credentials and data breaches And, unfortunately, many organizations inadvertently mismanage these targeted credentials by distributing the same access and privilege across the board to admins, employees, and third-party vendor reps. When the keys to those doors are mismanaged, a hacker has the potential to access a wealth of information and use it for malicious purposes, like leveraging confidential information for ransom payouts. To put it simply, privileged credentials open a lot of doors. Passwords, especially passwords with privileged access to organizational systems and networks, are targets for hackers since they’re able to get so much information from just one singular source.
How compromised passwords lead to data breachesĪccording to the Verizon 2021 Data Breach Investigations Report, credentials are the primary means by which a bad actor hacks into an organization, with 61 percent of breaches attributed to leveraged credentials.
#DATA BREACH 2021 HOW TO#
Before we dive into how to defend your network from bad actors, let’s take a deeper look at the consequences of poor credential management.
Luckily, there are ways to take proactive measures to protect your network from those trying to exploit it. Secure credential management should always be in place for its users, whether it’s internal employees or third-party vendors that need access. How network credentials are managed directly reflects overall security. But it should serve as a warning because the trend has continued to stay stagnant. This isn’t new information compromised passwords have been attributed to third-party data breaches for years. With those, cybercriminals don’t have to risk a time-consumer backdoor approach, they can simply log in and take what they want.Credentials remain one of the most sought-after pieces of information for hackers, and it’s still proving to be effective in their attack efforts. That’s advantageous, as today’s data thieves are a lot more sophisticated than they were just a few years ago, using automated tools and looking for high-quality data, things like logins and passwords.
#DATA BREACH 2021 FULL#
"Microsoft is clearly pitching itself as offering a full security suite, a competitive advantage as customers increasingly want a unified view of threats," said UBS analyst Karl Keirstead in a note.
And, in July, it bought security threat management company RiskIQ for a reported $500 million. The company recently said its cybersecurity revenues top $10 billion per year and it has some 400,000 customers. And CrowdStrike Holdings ( CRWD) was added to the Nasdaq-100 index that same month. Palo Alto Networks ( PANW) reported better-than-expected earnings in August. The rise in ransomware and hacking incidents has put many cybersecurity companies on investor radars. Everyone needs to continue to practice good cyber-hygiene to protect themselves and their loved ones as these crimes continue to increase.” “It’s also interesting to note that the 1,111 data breaches from cyberattacks so far this year exceeds the total number of data compromises from all causes in 2020. “While the total number of data breaches dropped slightly in Q3, we are only 238 data breaches away from tying the all-time record for data compromises in a single year,” said Eva Velasquez, President and CEO of the Identity Theft Resource Center.
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