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Three key customer IAM trends for 2021

Looking ahead to 2021, the pandemic will continue to drive business interactions with consumers online. Customer identity and access management (CIAM) products should see explosive growth as these technologies will be essential for securing digital storefronts and providing enhanced experiences.
Prabath Siriwardena
December 17, 2020
The future of business has changed drastically due to the rapid advancement of the remote work era from the pandemic. Here are three key CIAM market trends that security professionals should be aware of as they finalize their 2021 plans.
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identity theft, fraud prevention, cybersecurity, data theft

Global account fraud decreased 23% in 2020

Report also found that the catch rate for selfie fraud was five times greater than for ID fraud, highlighting the growing importance of capturing a selfie during onboarding to deter new account fraud
December 17, 2020
New data from Jumio reveals that new account fraud based on ID verification declined 23.2% worldwide YTD in 2020, compared to 2019 results. At the same time, selfie-based fraud rates were five times higher than ID-based fraud. This illustrates the growing number of stolen ID documents available on the dark web for purchase and, more importantly, the growing need to determine if an ID is authentic and belongs to the user.
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Attackers can exploit vulnerabilities in new 5G networks to steal subscriber data and impersonate users

December 17, 2020
Positive Technologies has published its “5G standalone core security assessment”. The report discusses vulnerabilities and threats for subscribers and mobile network operators, which stem from the use of new standalone 5G network cores. The vulnerabilities in protocols HTTP/2 and PFCP, used by standalone 5G networks, include the theft of subscriber profile data, impersonation attacks and faking subscriber authentication.
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cyber

The future of account security must be democratized

Ari Jacoby
December 17, 2020
Today’s customers rarely bat an eye when they receive a security alert from a company with which they do business. That’s because large tech companies have baked identity confirmation and notifications of suspicious activities into their everyday user experiences.
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Domestic critical infrastructure is arguably now more at risk than at any point in living memory, and certainly in a peacetime context.

Protecting critical infrastructure and distributed organizations in an era of chronic cybersecurity risk

Rick Moy
December 17, 2020

Domestic critical infrastructure is arguably now more at risk than at any point in living memory, and certainly in a peacetime context. As a consequence of the pandemic, there have been multiple attacks on electricity grids, water systems and energy organizations, election locations, and newly distributed enterprises. What is the best way to go about protecting what is at risk?


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New spyware used by sextortionists to blackmail iOS and Android users exposed by Lookout

December 16, 2020
Lookout, Inc. announced the discovery of Goontact, a new spyware targeting iOS and Android users in multiple Asian countries. Uncovered by the Lookout Threat Intelligence team, Goontact targets users of illicit sites and steals personal information stored on their mobile devices. Evidence shows these sextortion scams are affecting Chinese-, Japanese- and Korean-speaking people. Goontact may also be operating in Thailand and Vietnam. Lookout discovered evidence the campaign may have been active since 2018 and is still active today. 
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