Customer Identity and Access Management-LoginRadius

Introduction In an age defined by the relentless advancement of technology and the concurrent surge in cyber threats, the role of Chief Information Security Officers (CISOs) has transformed into a multifaceted endeavor. Gone are the days when their responsibilities were solely confined to securing sensitive business information. Today, the challenges encompass the intricacies of identity security, a realm fraught with vulnerabilities and repercussions. The annual toll of financial losses and reputational damage inflicted by data breaches only tells part of the story. The emergence of identity theft adds a distressing layer of complexity, necessitating a paradigm shift in the strategies employed by CISOs and security leaders.  This transformation is contingent upon their ability to communicate the imperatives of a robust identity security framework to their board members. The awareness of the risks inherent in customer identity security and identity theft has reached a critical junc...

Introduction In today's digital landscape, where cyber threats loom large, login credentials serve as the gateway to valuable information and resources. Among the myriad cyber-attacks that exist, credential cracking stands out as a prevalent technique utilized by hackers. Regardless of their motives or tactics, almost any cyber-attack requires the acquisition of login credentials. The methods employed to obtain these credentials are as diverse as they are cunning, ranging from deceptive phishing campaigns to relentless brute-force attacks.  This article explores the multifaceted world of credential cracking, shedding light on its various manifestations and the implications it holds for individuals and organizations alike. Once a hacker successfully acquires login credentials, they have the option to exploit them further, potentially unleashing a cascade of devastating consequences upon their victim. With the obtained credentials, hackers can gain unauthorized access to sensitive in...

Introduction: Data breaches are becoming increasingly sophisticated, yet businesses are still struggling to adapt to these rising security threats. One of the reasons that breaches and other hacks have become more frequent is that passwords are a poor form of security. Consumers are not security experts, nor do they care. So they choose passwords that are easy to remember (and also easy to guess). However, even the most complex passwords can be hacked in a matter of seconds or minutes through brute-force methods. Multi-factor authentication (MFA) is gaining popularity as the simplest yet most effective way to protect businesses' digital assets while ensuring that their customers are who they say they are. MFA works by adding an additional layer of verification during the login process. It is based on the concept of using something you know (your ID and password) and combining it with something only you have (a separate device or app such as a smartphone or Google Authenticator). Cr...

Businesses that want to attract and retain customers should know the value of a cloud-CIAM solution that can provide comprehensive security while also improving the user experience. However, before installing a cloud CIAM solution for a business website or mobile app, it's critical to plan to create a strong digital presence, without which firms risk losing their competitive edge. CIAM Best Practices that Businesses Shouldn’t Ignore Regulatory compliances : While every company strives to provide a superior customer experience, some areas may necessitate the acquisition of data, which is then handled and kept on cloud servers. While a company adopts a cloud CIAM solution to manage customer identities, relevant security and privacy compliance must be considered to enhance credibility. Organizations (regardless of business) must comply with regulatory and legal requirements for collecting, processing, and keeping personal information under privacy compliance regulations such as the E...

Numerous eCommerce enterprises have flourished around the world in an era when everyone is trapped inside their houses due to the global pandemic, businesses have come to a halt, and vaccination has become the sole ray of hope. Businesses accepted digital transformation as the lockdown and social distancing became the new normal. Whether it's online grocery buying or telemedicine, the world has seen a paradigm change and has accepted digital platforms for practically every daily task that previously required people to leave their homes. So, why did certain new companies in the eCommerce market have quick success while others were left with abandoned carts? Few people understand that consumer identity and access management (CIAM) solutions are critical to the success of eCommerce businesses. A CIAM solution has always been the key to winning trust when it comes to moving carts to final checkouts, from collecting insightful information from consumers to giving behavioral analysis. ...

Customer identity and access management (CIAM) is a digital identity management software solution for organizations that combines customer data storage with login verification. It seeks to improve the sign-up and login experience for customers while also securely managing their identities. CIAM provides the convenience of a centralized customer database that connects all other apps and services for a safe and seamless customer experience. It streamlines every business operation that involves dealing with individual consumers, including those who haven't yet registered on your site. Importance of Customer Identity and Access Management Customers today expect a secure login experience as a basic minimum from a modern business. It builds consumer loyalty and motivates them to return to you again and again. For Businesses : Traditionally, customer identity and access management has been a consumer use case (B2C). However, a firm might be a client of an organization (B2B). As consumers...

The new approach for a customer identity and access management is a multi-tenant cloud-based platform. To support multiple clients, a multi-tenant deployment uses one instance of the LoginRadius Identity Platform on a cloud server. The application is shared, and each client has their own database for storing customer information. Unlike traditional on-premises server deployments, LoginRadius handles all of the maintenance, updates, infrastructure management, data management, protection, enforcement, and privacy for you. Our approach also includes technical support that is available 24 hours a day, seven days a week. Benefits of Multi-tenant Cloud-Based Platform A Platform That Is Fully Managed: There are limitations to building an identity solution in-house or even operating a third-party service on your own servers. Hardware, software, protection, and privacy all need time-consuming maintenance. And your engineers will be constantly learning about new CIAM technologies and best pract...

  With COVID-19 forcing companies of all sizes to go online and connect to consumers on a remote basis, Okta intends to use Auth0's consumer identifiers to fuel the growth of an identity business of $55 billion, divided into a customer ID $25B and an ID $30B. What does this acquisition imply, and why is it relevant? For the beginning, this publication reveals the dynamics of the historical and current scenario of the CIAM market. Recent acquisitions and investments have shown that an IDP based on a cloud provides secure digital experience and protects consumer privacy. Here are some of the notable events in CIAM in recent times: Auth0 closed the $120 million Series F financing in July 2020, bringing the valuation of the company to 1 92 billion dollars and the overall raised of capital to over 330 million dollars. Ping Identity was released with an assessment of more than $1B by Denver in September 2019. Janrain was acquired by Akamai Intelligent Edge Platform in January 2019, to pr...

  Identity and Access Management (IAM) is a core discipline for any enterprise IT, as it is inseparably linked to the security and sustainability of companies. It is crucial to ensure that data remains secure as more and more companies electronically store their confidential data. "Users," "roles," "access" might be some of the terms you have heard concerning identity and access management. So, let's break it down. Identity :Identity means how you, often via social login, work email address, or personal email ID, are portrayed and digitally captured online. Access : Access refers to deciding that, at the right time, the right user can safely access the right resource within a network. This is majorly what an ideal identity and access management strive to provide. What Is Identity and Access Management in Cybersecurity Cybersecurity Identity and Access Management applies to the security architecture and disciplines for digital identity management. It go...

Identity Governance (IG) is about automating the process of giving significant data access levels to varying stakeholders. It is based on the Identity Governance Framework, a project that planned to standardize the treatment and help of identity information utilization in enterprises. As of now, IGA is used by several entities across various industries to improve data security of their frameworks and meet administrative compliance such as the Health Insurance Portability & Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), & the Gramm-Leach-Bliley Act (GLBA). Top 5 Benefits of Identity Governance: Support Auditing Flexible access & greater productivity Improve Consumer Experience You can handle access requests & track suspicious requests. IG helpful in Meeting Regulations The essential factor supporting IGA is data governance. LoginRadius offers elite data governance, which consequently reinforces your organization’s cybersecurity & virtual security of your consu...

  The role of consumer identity management in the business world is undeniable. In the past, identity was primarily used as a deciding factor to authenticate transactions. If people were successful in verifying who they were, their transactions were approved. Today, identity is more than just about security. It drives businesses' trust, customer experience, emotional connection, and brand value. And, that's incredibly enticing to a Chief Marketing Officer (CMO). But many of the emerging applications of identity are also posing serious concerns with Chief Information Officers (CIOs) and CISOs. Remediating those threats could mean CMOs having to compromise with customer experience—something they have been working so hard to improve.  So, now the question arises. Can a CMO, CIO, and CISO work as a team when they crossroads? It turns out, they can (for the greater good of an enterprise). An example is how these C-suite professionals are treating identity as a shared cornerstone th...

  LoginRadius announces support for Fast Identity Online As cyber threats and data breaches are promptly increasing awareness within businesses to secure and protect their consumer data or information has become critical.  So to strengthen businesses, LoginRadius has launched configurable support for FIDO2. This component aims to improve the security, usability, and assurance of consumer’s data. It offers a passwordless login system where consumers can easily authenticate themselves through single-factor, two-factor, or multi-factor authentication . LoginRadius offers the following highlights: Configurable hardware keys & biometrics for FIDO2. Simple integration with top FIDO2 hardware key suppliers. Support for the web, mobile, & IoT environments. In this datasheet , you will learn how Fast Identity Online offered by LoginRadius offers a passwordless involvement with progressive validation and better security supported by usability.  Original Source : https://w...

  Find how to secure your customers and your organization against data breaches.  As malicious programmers become more advanced and overseeing information becomes more complex, data breaches are increasing day after day. The biggest and most significant target of these breaches is Personally Identifiable Information (PII) .  Stolen PII can be sold on the dark web and regularly includes:  • Sensitive medical data  • Credit card information • Private monetary information  • Biometric records  In this report, we'll share bits of knowledge on how PII is taken in data breaches and what you can do to secure your consumers and your organization. Original Source:   https://www.loginradius.com/resource/pii-data-breach-report/