No matter the strength and sophistication of your security posture, the “human element” will continue to be the weak point. Whether it is a failure to adhere to password best practices or being tricked into handing over your credentials to a phishing scam, even the most robust security platform cannot remedy human error. When it comes to passwords, the security industry has tried to mitigate the human risk element by introducing tools like Multi-Factor Authentication, which is considered one of the most effective means of combating cyberthreats; yet a staggering 89% of enterprise cloud users do not have MFA enabled! The need for your organization to have an effective account takeover prevention strategy is ever-present, evidenced by the fact this is the leading form of attack used by hackers. According to the 2022 Verizon Data Breach Investigation Report, over 80% of web application attacks are attributed to stolen credentials. Therefore, protecting your organization against exposed credentials and ensuing account takeover (ATO) attacks is critical.
According to a study conducted by Constella Intelligence and Pulse, most employees have had their credentials exposed by threat actors, yet very few are monitoring for breached credentials. This problem is made worse by the fact that the increase in remote work has led to increased attack surfaces and most organizations put too little focus on monitoring the dark web to mitigate risk to their organization.
Password best practices are the most touted tidbits of cybersecurity advice out there–– the password strength meter that boldly judges our choice, security policies that periodically compel us to change our passwords, and even Google Chrome and Apple’s iCloud service that warn us when we’re re-using passwords across different sites. Yet, exploiting compromised and weak passwords continues to grow as the number one attack vector. Taking preventative measures against account takeover attacks is widely understood to be a critical step in daily digital life, but we continue to ignore this advice. Why does this happen?
According to an online security survey conducted by Google, 65% of respondents reuse the same…