Organisations must start prioritising their credential theft protection. With most data breaches now linked to stolen credentials, this common and hard to detect threat, is further exasperated by a growing hybrid workforce and is costing companies millions. Data breaches caused by credential theft cost businesses an average $4.5 million, according to a 2022 IBM report, and are some of the most difficult to identify and contain.
Credential theft and harvesting attacks can involve the pilfering of individual login information up to entire databases of authentication data. Cybercriminals can use a manner of techniques such as email phishing, tapping into the natural human instinct to trust. And trust is the key ingredient that makes employees so vulnerable to credential theft.
Credential thieves take advantage of both human and system vulnerabilities, so fending them off requires a layered approach that addresses weaknesses on both fronts.
A multi-faceted threat requires multi-faceted protection
Ultima and Mimecast can help companies minimise the risk of credential theft in multiple ways including securing email, educating employees about the threat and their role in mitigating it, and deploying machine learning and advanced computer vision algorithms to identify and block malicious URLs used to gather credentials.
With cybercriminals attacking from every angle, here are seven ways in which you can reduce the risk of credential theft occurring to your organisation:
To discover how Ultima and Mimecast can help protect your organisation and combat the threat of credential theft, contact us here.
Why Ultima and Mimecast?
Ultima is a Mimecast Premier Partner, having worked together for several years delivering cloud-based email security, archiving, and continuity solutions for Exchange & Office 365. Ultima also holds Gold Partner status with Microsoft, making us the ideal partner to advise your organisation.
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