cyber attack

How to protect digital identities in the era of AI?

Making online transactions increasingly secure, despite the rise in cyberattacks and data theft, has been a growing challenge for our economy since the pandemic. More and more companies feel that their existence is threatened by cyber-attacks. Identity fraud and other online threats are also becoming increasingly sophisticated. According to a recent study, digital identities pose one of the greatest threats to the compromise of IT systems. In the financial sector for example, numerous attacks have recently been successful because employees with privileged access rights have been spied on and digital identities have been stolen through phishing campaigns. Therefore there is an urgent need to better protect our identities from theft and damage in the digital age. After all, our identity is the centrepiece of our online lives. Data leaks, malware or insecure networks and connections are a gateway to identity theft. AI will further accelerate this by generating code that only experienced hackers could create. AI-generated forgeries will become increasingly authentic and easy to use against victims. Identity protection will become one of the most important elements of data security. To better protect themselves in a digitally hostile environment in the future, organisations should push for a digital approach to data protection and risk management. What does identity involve and how we can protect it? Our online identity consists of several layers. On the one hand, there is our personal data that we use to verify ourselves, such as email, place of birth, date of birth and name. But it also includes things like bank details and other tokens – even biometric data. The following basic steps help protect identities from AI-powered risks. These are principles that, if followed, can provide identity protection for individuals, as well as legal obligations that companies must fulfil to mitigate risk and protect both customers and employees: The online identity check at a glance There are various ways in which users can have their identity verified online. This can be done through the use of facial recognition tools, video calls and the presentation of personal information. The use of multiple forms of proof increases the level of trust and security. For example, linking transactions to a one-off secure onboarding can provide a high level of trust – as long as this onboarding is thorough and verified. One example: passports. Official auditors rely on a few measures to verify them, but they trust them because the onboarding process for securing a passport is rigorous. Real-time ID verification: It enables organisations to access and process customer information in seconds. This is particularly useful when checking IDs or financial transactions, as it can ensure that a company has up-to-date information. Verifying the identity of signatories is important to help organisations reduce fraud and money laundering and provide a frictionless experience for signatories, as today a fast and mobile-friendly online process is crucial for customers. Biometrics: These are fingerprint or facial recognition. Biometric technology is the frontrunner among identity verification tools and is used, for example, to unlock smartphones. As biometric technologies have already proven to be beneficial for personal security and ID verification, it stands to reason that they will also provide a secure way to verify electronic signatures in the near future. They also assure companies that no unauthorised person can gain access to personal data. Verification of identity without ID: There are various alternatives for authenticating a signature without the need for ID. If the signatory does not have an ID card to hand, knowledge-based verification can be used. Alternatively, authentication via mobile phone will be used more frequently in future to re-authenticate a known user. This involves sending an access code or text message to a mobile phone number or using the phone itself as an authentication vector and ID. Reducing fraud with AI While AI can increase the scope and scale of cyber risks, it also plays an important role in risk mitigation: in the future, AI will support identification during initial onboarding and all subsequent steps by providing a layer of assurance that looks for evidence of trust or signs of deception. It is important that customers perceive a company’s digital signature process as secure, as a positive and secure customer experience will influence whether they want to continue using the company’s services. There are also many use cases where AI is already being used to detect fraudulent activity – such as detecting relevant signals or patterns of unlikely user behaviour on a platform based on previous experience. However, the ideal scenario is to utilise both humans and AI to increase security and trust. Both can bring risks, but together they help to optimise resilience to cyber-attacks and strengthen identity protection. To summarise, simple changes to processes, a clear understanding of digital identity protection and regular employee training on cyber security and data protection can often lead to significant improvements in corporate security.

Why Penetration Test is Important in Cybersecurity and How Does it Work

It feels like every day starts with a new headline about the latest cyber attack. Hackers are stealing millions of records and billions of euros with alarming regularity. The key to combating these machinations is to continuously conduct thorough penetration tests. Penetration testing is used to test your security before an attacker does. Penetration testing tools simulate real-world attack scenarios to uncover and exploit security vulnerabilities that could lead to records being stolen or credentials, intellectual property, personal data, card data or private protected health information being compromised, data ransomware being extorted or other results harmful to business. By exploiting security vulnerabilities, penetration testing helps you decide how best to prevent cyberattacks in the future and protect your critical business data against them. What are the phases of penetration testing? There are five main phases to go through in any typical penetration test: 1. Target exploration and information gathering. Before the penetration testing team can take action, it must gather information about the likely target. This phase is important for creating an attack plan and serves as a deployment area for the entire mission. 2. Scanning After the reconnaissance phase, a series of scans of the target are conducted to decipher how the target’s security systems react to different attack attempts. Discovering vulnerabilities, open ports and other weaknesses within a network’s infrastructure can determine how pen testers proceed with the planned attack. 3. Gain access Once the data is collected, penetration testers use widely used web application attacks such as SQL injection and cross-site scripting to exploit existing vulnerabilities. Now that they have gained access, the testers attempt to mimic the scope of potential damage that could result from a malicious attack. 4. Gaining access The main objective of this phase is to maintain a constant presence within the target environment. As time progresses, more and more data is collected about the exploited system, allowing the testers to mimic complex and persistent threats. 5. Covering traces/analysis Finally, once the mission is complete, all traces of the attack must be erased to ensure anonymity. Log events, scripts and other executables that could be discovered by the target should be completely untraceable. A comprehensive report is given to the client with a detailed analysis of the entire mission to highlight key vulnerabilities, gaps, potential impact of an intrusion, and a variety of other important components of the security program. How does a penetration test work? Penetration testing can either be done internally by your own professionals using pen testing tools, or you can hire an external penetration testing vendor to do it for you. A penetration test begins with the security professional taking an inventory of the target network to find vulnerable systems and/or accounts. This involves scanning every system on the network for open ports running services. It is extremely rare that all services on a network are correctly configured, properly password protected and fully patched. Once the penetration tester has properly understood the network and the vulnerabilities present, a penetration testing tool is used to exploit a vulnerability to gain uninvited access. However, security experts do not only examine systems. Often, pen testers also direct their attacks at the users in a network by sending phishing e-mails or trying to manipulate target persons in their favour by telephone or on the internet/intranet (pre-text calling or social engineering). How do you test the risk posed by your own users? Your users are an additional risk factor. Attacks on a network via human error or compromised credentials are not new. If the constant cyberattacks and data theft cases have taught us anything, it is that the easiest way for a hacker to penetrate a network and steal data or money is through network users. Compromised credentials are the most common attack vector among all reported data breaches, as the Verizon Data Breach Report shows year after year. Part of the job of a penetration test is to address security threats caused by user error. A pen tester will attempt to guess passwords from found accounts via a brute force attack to gain access to systems and applications. Although compromising a device may result in a security breach, in a real-world scenario, an attacker will typically use lateral movement to ultimately gain access to a critical asset. Simulating phishing attacks is another common way to test the security of your network users. Phishing attacks use personalised communication methods to persuade the target to do something that is not in their best interest. For example, a phishing attack might convince a user that it is time for a „mandatory password reset“ and therefore to click on an embedded email link. Whether clicking on the malicious link drops malware or simply opens the door for attackers to steal credentials for future use: A phishing attack is one of the easiest ways to exploit network users. If you want to test your users‘ vigilance against phishing attacks, make sure the penetration testing tool you use has these capabilities. What is the importance of penetration testing for a company? A penetration test is a crucial component for network security. Through these tests, a company can identify: Through penetration testing, security professionals can effectively identify and test security measures in multi-layered network architectures, custom applications, web services and other IT components. Penetration testing tools and services help you quickly gain insight into the highest risk areas so you can effectively plan budgets and projects for your security. Thorough testing of an organisation’s entire IT infrastructure is essential to take the necessary precautions to protect critical data against hacking while improving IT response time in the event of an attack.

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