Discover the latest threats that could affect your organization, learn about the individuals behind them, and get insights from Cybersixgill’s team of experts. Each story sheds light on the underground world of cyber threats, the actors involved, and the importance of taking action to reduce risks.
In today’s cyber threat environment, safeguarding personal and corporate identities is crucial. Once cybercriminals obtain compromised credentials and access to accounts, they can infiltrate sensitive corporate information, leading to costly ransomware and malware attacks.
To effectively combat threats stemming from compromised credentials and accounts, organizations require identity intelligence. Recognizing the value of identity intelligence and the advantages it offers is essential for maintaining a secure environment and mitigating risks.
There is a common belief that security teams and threat analysts are inundated with excessive data. Adding more cyber threat intelligence may seem overwhelming and impede their ability to take action effectively.
However, when threat intelligence is tailored to the organization’s specific needs and attack surface, the issue of data overload is eliminated. By integrating identity intelligence, security teams can easily detect compromised credentials in the cybercriminal realm and proactively prevent damage. Here’s how.
Reasons for Utilizing Identity Intelligence
Organizations consist of individuals who are potential targets for identity-related threats. Compromised credentials remain a prevalent and successful method for threat actors to achieve their objectives, with millions of credentials leaked and traded on underground platforms annually.
Cybercriminals employ various methods to acquire credentials. Phishing schemes, such as deceptive emails designed to trick recipients into revealing their credentials, are one approach. Another increasingly popular tactic is Stealer Malware, which extracts credentials like usernames, passwords, and cookies from infected systems.
Interested in learning more? Watch our on-demand webinar Unveiling the Power of Identity Intelligence. Or download our eBook on Identifying Leaked Credentials.
Additional tactics include brute force attacks, where threat actors use tools to generate passwords automatically and attempt to access user accounts, and social engineering tactics, where threat actors manipulate users into disclosing sensitive information. By testing one million random email and password combinations, attackers can potentially compromise between 10,000 and 30,000 accounts.
Studies indicate that in 2022, the average cost of a data breach caused by stolen or compromised credentials was $4.5 million, a figure that continues to rise. Can your organization afford such a substantial risk?
Implementing robust security measures like multi-factor authentication (MFA) and providing thorough employee training on data protection policies can help organizations become less susceptible to these threats. Nonetheless, mistakes can happen. When compromised access is detected on dark web platforms, security teams must be promptly notified. This is where identity intelligence plays a critical role.
Significance of Identity Intelligence in Addressing Identity Threats
By leveraging comprehensive threat intelligence sourced from millions of data points in underground sources like the clear, deep, and dark web, organizations can access valuable data and insights on compromised credentials and accounts, enabling them to take preventive action. These leaked credentials provide threat actors with an easy entry point into organizations, impacting the business, its employees, and customers—whose personal information may be compromised and sold illicitly.
Cybersixgill’s Identity Intelligence is distinguished by its integration of machine learning and AI. It alerts organizations to leaked or for-sale credentials, offering detailed context and information to aid in threat prevention. Essentially, our platform provides security teams with a comprehensive view of their organizations’ risks, exposing identity theft, leaked credentials, and typosquatting activity.
Using our threat intelligence, security teams can ascertain the probable cause of a data breach and intercept the sale of stolen credentials and credit card data to protect employees and customers. Users can set up customized alerts to notify them of compromised credential data on the deep, dark web from various sources.
Conclusion
Protecting personal and corporate identities is paramount in today’s cyber threat landscape, where compromised credentials pose significant security risks and financial repercussions. Identity intelligence serves as a crucial resource, providing relevant threat data that assists organizations in effectively detecting and responding to compromised credentials.
With Cybersixgill’s machine learning and AI-enhanced identity intelligence, security teams can proactively identify and mitigate risks, ensuring robust protection for employees and customers. Implementing identity intelligence fortifies an organization’s defense mechanisms, fostering a proactive cybersecurity approach and minimizing potential damages from identity-related threats.
