INSUBCONTINENT EXCLUSIVE:
A Berlin-based security researcher recently discovered a vulnerability in a server database belonging to Voxox that exposed tens of millions
of copies of personally identifying information including SMS messages, password reset links, two-factor authentication codes and more
The discover of the breach had many in the security community wondering why are we still using traditional passwords and SMS as our main
source of security when the SMS component of two-factor authentication (2FA) wasn't designed for security at all.To better understand why
traditional passwords aren't effective at protecting users from cyberattacks, Tech Radar Pro spoke with Averon's CEO Wendell Brown.Why are
traditional passwords no longer a viable means of securing our online accountsTraditional passwords offer little protection against
According to Ponemon Institute, the number of hacks in 2017 increased by an average of 27 percent when compared to the previous year
More specifically, the Verizon Data Breach Investigations Report found that 81 percent of network breaches leveraged weak credentials
showcasing that the security of our accounts can no longer rely on the strength of familiar character combinations chosen for user-generated
Introducing viable alternatives to traditional passwords not only enables companies to combat security vulnerabilities but also bolsters
increasing trend of breaches and hacks, encryption and other authentication layers have become the first line of defense in protecting
passwords and securing online accounts
Consequently, it is imperative for companies to invest in security strategies that provide simple ways for users to prove who they are,
while also reducing the risk of a breach.Are there any ways that online businesses and services can better encourage consumers to use unique
passwords with each of their accountsAccount creation and logins on mobile devices have become sources of terrible frustration for users and
cause staggering numbers of incomplete account setups, lost engagement opportunities and abandoned transactions for businesses
Ultimately, encouraging consumers to remember countless unique passwords with each of their accounts across a myriad of websites is not a
failure for some of the most highly-regarded platforms
Increasing the complexity of passwords, like including upper and lowercase letters, numbers or symbols, is no longer enough to protect user
security keys to protect its employees from phishing
Do you think these devices will catch on with average users If not, whyWorking in conjunction with password managers, security keys can be a
powerful tool used to better secure an online account
However, the average user desires simplicity
USB security keys add yet another step of friction for consumers when trying to access their accounts
practices that could take the place of 2FAAveron recently released MagicLogin, a solution that enables consumers to create new accounts,
login to existing accounts, and securely link data by auto-detecting their verified mobile phone number as the unique account identifier,
all while keeping their personal information private
It is a giant leap forward in realizing a greater vision of a secure global standard for digital identity
By bonding an identity to a mobile phone, MagicLogin establishes the phone as a proxy for digital identity
inefficient login systems, they can instead focus on delivering premier customer experiences.What advice would you give to businesses and
consumers trying to improve their security onlineAfter a year that saw the largest-ever breach of Facebook data, Google+ vulnerabilities and
Starwood Hotels reservation systems, consumers and enterprises can only expect to the see the number of hacks and data breaches increase
exponentially in the coming year
Because of this, consumers increasingly hold companies accountable for protecting user data and businesses must recognize their
responsibility to ensuring consumer privacy
To effectively protect consumer information, businesses must invest in modernizing their cybersecurity standards to evolve away from status
quo methods like two-factor authentication and password management that have proven defenseless against prying eyes and malicious
activity.Wendell Brown, CEO of AverondEpz5LV5PYpqYBngLd6omi.jpg#
