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Single sign-on (SSO) credentials are thought-about “the keys to the dominion” by cybersecurity professionals. Staff entry many purposes by logging in as soon as with these credentials, and so they’re the very last thing a company needs stolen or on the market on the darkish net. If malicious actors receive your group’s SSO credentials, they may entry your techniques and knowledge like a trusted insider, together with payroll, contracts, mental property, and extra.
In brief, a malicious actor can inflict vital injury upon a company by acquiring its SSO credentials.
Sadly, even the world’s largest and most necessary corporations are struggling to safe these crucial belongings. Scouring the darkish net for crucial SSO credentials related to 3,000 publicly traded corporations, BitSight discovered that 25% of the S&P 500 and half of the highest 20 most beneficial public U.S. corporations have had at the very least one SSO credential on the market on the darkish net in 2022.
These affected corporations — representing $11 trillion in worth — could also be in danger, together with their international buyer bases.
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Know-how sector most affected
BitSight additionally recognized the know-how sector as being most impacted. That is notably regarding given latest occasions — unhealthy actors are more and more breaching know-how corporations as a method of breaching broad buyer bases.
“Companies want to pay attention to the dangers posed by their main IT distributors. As we’ve seen repeatedly, insecure vendor credentials can present malicious actors with the entry they should goal giant buyer bases at scale. The affect of a single uncovered SSO credential might be far reaching,” stated BitSight Cofounder and CTO Stephen Boyer.
Popularized cybersecurity controls are now not sufficient — organizations with robust safety controls in place are nonetheless getting breached. BitSight recommends organizations up their sport by deploying extra dynamic and strong safety measures reminiscent of dynamic MFA, common two-factor authentication (U2F), and a number of different controls reminiscent of implementing least privilege and third-party danger administration.
BitSight’s analysis alerts the worldwide enterprise neighborhood to the crucial risk of SSO credential theft. The fact is that even with a heightened state of safety amongst public corporations, SSO credentials are nonetheless being stolen and offered on the darkish net at staggering charges.
BitSight analyzed the safety posture of three thousand publicly traded corporations to grasp how the world’s most beneficial and best-resourced corporations are defending their crucial SSO credentials.
Learn the full report from BitSight.