John Gunn, CEO, Token
2 minute read
2023 marks a pivotal time in cybersecurity. The back and forth escalation between cybercriminals and security professionals has surpassed legacy MFA strategies, and each year the need for stronger authentication solutions becomes more clear. Losses to data breaches and ransomware attacks are at an all-time high, doubling the last two years in a row. The average loss reached $9.44 million per incident, and an increasing number of organizations do not survive a ransomware attack.
Organizations require a new generation of authentication, a wearable biometric device that can integrate with other mission-critical security solutions and enterprise applications. To this end, Token Ring is partnering with miniOrange, a leading single sign-on (SSO) and enterprise security platform. Organizations can now benefit from the combined power of the strongest biometric identity assurance on the market and a robust Identity and Access Management (IAM) platform that protects the most mission-critical applications.
Founded in 2012, miniOrange delivers world-class cybersecurity solutions to enterprises, financial institutions, government agencies, and more. Focusing on Identity and Access Management (IAM) and Customer Identity and Access Management (CIAM), miniOrange helps these organizations secure their workforce, customers, and partners with features like SSO, Social Login, and User Sync.
miniOrange is trusted by over 17,000 customers around the world, including Starbucks, Goldman Sachs, and Johns Hopkins School of Medicine. The company employs over 400 employees with headquarters in Wyoming USA and Pune, India.
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Through this partnership with TokenCore™, organizations will be able to securely connect the right people to the right technologies while combatting the escalating threats of ransomware and data breaches. Here’s how.
SSO is an authentication and authorization process that enables a user to access a suite of enterprise applications with a single authentication step. This offers users a convenient experience that allows them to conduct their business activities with minimal friction. The trade-off is that it also creates a single point of failure for the security strategy. Once signed on, a cybercriminal is just as free to conduct their nefarious business.
Adding TokenCore™ products, identity assurance, to the equation allows organizations to achieve the best of both worlds. TokenCore™ delivers the strong MFA available in a FIDO2-certified TokenCore™ Wearable. The TokenCore™ Wearable can only be used by the designated bearer, so there is no chance of fabricated or stolen credentials. Meanwhile, users enjoy the same convenient experience with minimal friction and maximum authentication security.
Other benefits include:
Better protect your environment, data, and customers with TokenCore™ and miniOrange. Learn more about how this partnership can create a security posture equipped to combat today’s threats or Start a FREE TRIAL of MiniOrange.
Ransomware does not start with ransomware. It starts with access. An attacker who can log in as a legitimate user can move quietly through the network, escalate their privileges and deploy a payload before anyone notices. Most ransomware defences focus on the payload stage. The attackers win before that stage is even reached. The ransomware kill chain is a framework for understanding how attacks progress from first contact to full compromise. Breaking it requires understanding where in the chain authentication failures occur and what it would take to close them.
In today’s digital landscape, identity security is not just a concern—it’s a critical defense against the growing threats of phishing and ransomware. While multifactor authentication (MFA) has been promoted as a solution, the reality is that not all MFA is equally effective in securing user identities.
As cybersecurity threats evolve, enterprises must stay ahead with advanced solutions. Our report, "Next-Generation MFA: Security Assurance for the Modern Enterprise," is based on a survey conducted and written by Datos Insights. In this report, we explore how leading Financial Service CISOs are addressing these challenges with cutting-edge multifactor authentication (MFA) strategies.
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