Cybercrimes and data breaches are a growing threat for businesses. In total, cybercrimes are predicted to inflict upwards of 6 trillion USD globally in 2021, and the cost of cybercrime is expected to grow by 15% each year within the next five years. Small and medium-sized businesses (SMBs) aren’t immune to these threats — according to one report, 15% of small businesses suffered a virus, leak or hack in 2019…

According to Gartner, “Security and risk management leaders responsible for IAM and fraud should follow these five steps to select a long lasting, cost-efficient AM solution.” ...

There was a time when all of a company’s data was completely on the premises. Even an employee who needed to work remotely would use a VPN to get into the company’s on-premise physical network. This was an environment with many fewer challenges to authentication security. Everyone who was in a position to access a company’s data was someone who was supposed to be there, so as long as the building’s physical security was strong, cybersecurity would be strong as well. ...

If you’re responsible for managing your company’s cybersecurity, you know that one of the biggest threats you need to address is the possibility of a data breach. A data breach can spell disaster for any company, and no company is entirely safe. Some of the biggest companies in the world have been the victims of data breaches, and it has cost them millions — sometimes even billions. Even a small, brief data breach can be catastrophic for your bottom line and your reputation. So what types of data breaches should you be on the lookout for? ...

The task of protecting your company’s data from a breach comes with one very important challenge. Users. If cybersecurity were merely an internal process, it would be easy. But data is useless unless the people who need it are able to access it, and that makes identity access management a human problem. ...

The report helps security and risk (S&R) professionals select the right vendor for their needs. The 13 most significant CIAM vendors are evaluated who include “…a thought-leading, productized portfolio of products and services. According to the report, “[Forrester] included CIAM vendors that demonstrated thought leadership and solution strategy execution by regularly updating and improving their productized product and model portfolio. Customers of vendors had to report that the solution is purpose-built for customer-facing identity and access management. ...

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Devin Partida, Editor-in-Chief of ReHack.com, tapped Optimal IdM for her recent blog, “The Best Secure Authentication Methods for Teams Working from Home”.  ...

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