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Phishing attacks: The sophistication of phishing assaults is increasing. Nowadays, hackers have upped their game due to employees' increased awareness of their phishing techniques. For instance, fraudsters are using AI and machine language to send clear fraudulent communications in the hope that receivers will unwittingly penetrate their organizations' networks, systems, and corporate databases.
Digital medical records: Electronic Medical Records, or EMRs, are quickly evolving into the next major target for hackers as hospitals and other medical facilities digitize patient records. Hackers are taking advantage of the numerous holes in their security measures. Due to the secrecy of the patient medical records they retain and the fact that they are now largely all public, EMRs are progressively becoming hacker havens.
Cloud vulnerability: Businesses are transferring their sensitive data quickly from older data centers to the cloud due to the flexibility and economics associated with the cloud. By 2020, 83% of the company workload will be hosted in the cloud, predicts Forbes.com. But when that happens, it will cause new business problems and worsen existing ones. Account takeover, DDoS assaults, data leaks, insecure interfaces and APIs, malicious insider threats, and misconfiguration are some of the most serious cloud security flaws on this list.
BYOD-related challenges: BYOD, or bring your own device, turns out to have its own perks and cybersecurity challenges for businesses. Businesses can significantly reduce costs by allowing employees to use their own devices for work, on the one hand. However, it has also put more pressure on security systems. Malware infections and data leaks are both widely known. Tracking and managing various device types has proven to be much more difficult.
Internet of Things (IoT): Businesses are relying more on connected technologies due to the adoption of IoT. Attackers are, as a result, using the IoT infrastructure's weaknesses. DDoS attacks and ransomware are two examples of the increasing frequency of security concerns.
In the fluid environment of contemporary business networks, the wisest course of action is to assume that no one is reliable till it is shown otherwise.
Consumers are continually authenticated under the zero trust approach, with session-by-session activity tracking and risk assessment. A gadget with zero trust can spot unusual actions indicating a legal infringement.
Building layers of trust for your customers' accounts start with multi-factor authentication or MFA. It provides two more authentication layers in addition to the password.
A security pass or a key could be the first. While the latter refers to inherited biometrics from your customers, such fingerprints, voice recognition, or retina scans. MFA ensures that even if one layer of protection is breached, the hacker must still breach a second layer of security to access your system.
Assigning a consumer with the minimal degrees of access or permissions necessary to carry out their jobs and associated duties is governed by the principle of least privilege, often known as the least authority. Although privileged accounts are required for specific jobs, they should be used sparingly because the consequences could be devastating if a data breach affects such accounts.
Role-based access control (RBAC), or limiting access to sensitive data to those who need it, is an effective technique to lower the likelihood of internal and external data breaches. This identity and access management best practice can be used by granting access to a user for a set amount of time (for instance, 30 minutes), after which it will be immediately revoked. This type of micromanagement of access can raise the cybersecurity level as a whole.
One of the cornerstones of an effective IAM approach has always been using strong passwords. The greatest ones should be simple to recall and difficult to predict. NIST suggests the following best practices for creating passwords.
Your customers can sign up independently thanks to self-serve onboarding. A registration page is frequently where the onboarding process begins. Your objective is to move visitors from the registration to the activation page. Finally, it aids in your ability to keep them.
Gaining devoted customers will be simpler if you can better tailor your strategy to meet their wants. You can also successfully supply services in other areas, such as passwordless login, password reset, profile management, consent management, and preference management.
A further best practice for identity and access management is implementing data security rules and processes wherever appropriate and possible. Make sure you comply with all applicable laws and regulations, including the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and other security standards like the Health Insurance Portability and Accountability Act (HIPAA).
Customers are particularly concerned about the security of their data. Their data is safe and in reliable hands, thanks to compliance with regulatory enforcement.
Authenticating customers without requiring them to input a password is known as passwordless login. Passwords are no longer required, which enhances the user experience overall. Passwordless websites also offer more robust protection against attacks like phishing, credential stuffing, and brute force, as well as easier access. Passwordless websites also save time and increase productivity.
There are several ways to achieve passwordless login. Among the frequent ones are:
When you grant someone access, it sometimes remains in place even after it is no longer necessary. Anybody with malicious hearts can gain access to this data and carry out a breach.
It is usually a good idea to choose regular access audits. You can look over the granted accesses to see if they are still necessary. You can handle such requests promptly when a customer asks for more access or wants to remove access.
Research
NFTs, or non-fungible tokens, became a popular topic in 2021's digital world, comprising digital music, trading cards, digital art, and photographs of animals. Know More
Blockchain is a network of decentralized nodes that holds data. It is an excellent approach for protecting sensitive data within the system. Know More
Workshop
The Rapid Strategy Workshop will also provide you with a clear roadmap for the execution of your project/product and insight into the ideal team needed to execute it. Learn more
It helps all the stakeholders of a product like a client, designer, developer, and product manager all get on the same page and avoid any information loss during communication and on-going development. Learn more
Why us
We provide transparency from day 0 at each and every step of the development cycle and it sets us apart from other development agencies. You can think of us as the extended team and partner to solve complex business problems using technology. Know more
Talk to Blockchain Developer
Blockchain solutions have made their place in every field of life.
Blockchain is a common, unchanging record that works with the most common way
We’ll work with you to develop a true ‘MVP’ (Minimum Viable Product). We will “cut the fat” and design a lean product that has only the critical features.
Designing a successful product is a science and we help implement the same Product Design frameworks used by the most successful products in the world (Ethereum, Solana, Hedera etc.)
In an industry where being first to market is critical, speed is essential. Rejolut's rapid prototyping framework(RPF) is the fastest, most effective way to take an idea to development. It is choreographed to ensure we gather an in-depth understanding of your idea in the shortest time possible.
Rejolut RPF's helps you identify problem areas in your concept and business model. We will identify your weaknesses so you can make an informed business decision about the best path for your product.
We as a blockchain development company take your success personally as we strongly believe in a philosophy that "Your success is our success and as you grow, we grow." We go the extra mile to deliver you the best product.
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