MyCena has launched a new mobile device add-on to complement its enterprise segmented digital access security solution.
MyCena’s mission is to eliminate password phishing, stop supply chain attacks, and prevent ransomware in today’s hybrid workplace. MyCena’s approach to securing digital access solves three major cybersecurity problems: the creation and distribution of passwords; risk aggregation; and remember passwords.
Digitization has increased rapidly during the Covid-19 pandemic, with global use of services such as video conferencing increasing tenfold. As a result, ransomware attacks have increased in frequency and sophistication and are the top concern for businesses today. Phishing passwords are the number one threat vector, responsible for 83% of all cyberattacks last year.
In the UK, businesses are subject to an average of 2,000 cyberattacks per business per day, an average of one attack every 43 seconds. And the average total cost of a ransomware breach is £3.66 million per incident.
“Following a huge increase in cybercrime and ransomware attacks over the past two years, businesses are under siege,” said Julia O’Toole, Founder and CEO of MyCena Security Solutions. “The vast majority of cybersecurity breaches today involve the use of legitimate passwords. Today’s hackers don’t ‘hack’, they log in, repeatedly searching for an easy-to-grab lock through password phishing, social engineering, brute force attacks and credential stuffing . It is also important to remember that beyond the ransomware headlines and financial costs, there are substantial risks of operational downtime, supply chain risks, loss of intellectual property, commercial espionage , industrial sabotage and loss of data integrity, ultimately threatening jobs and lives.
“How did we get here? The explanation is quite simple. While the workplace has moved from a physical to a digital environment, the security rules used in the physical world have not been transferred to the digital world. The first mistake was asking employees to create their own passwords: the equivalent of asking people to bring their own keys, fobs, and passes to enter the building, office, or meeting room. company servers.
The second mistake has been to aggregate more and more systems behind a single access point, whether master or biometric password, using tools such as Single Sign-on (SSO ), Identity Access Management (IAM), Privileged Access Management (PAM): the equivalent of people having a single key for their home, car, office and bank account.
The third mistake was forcing people to remember and type in their passwords: the equivalent of asking people to cut a key every time they need to open a door. The result of these errors is that hackers only need to find one password (for example, via phishing or social engineering) to log in. Once connected, with repeated success, they can quickly escalate privileges to take control of the entire infrastructure within hours or days.
“MyCena is based on a very simple idea: digital access should mirror physical access. The first step in cybersecurity is to apply your company’s physical security policies to your digital environment. Don’t let employees create and share their own passwords.
Do not group all systems behind a single door with a single key that can open everything. And make sure all passwords stay encrypted end-to-end, during creation, distribution, storage, and use, so no one can see, share, or phish them.
MyCena’s patented segmented access management solutions allow companies to enhance the security of their digital access by generating and distributing encrypted access credentials to the right users: ensuring that only the legitimate user can access their stronghold of identifiers via several levels of security. MyCena also allows the company to easily distribute, delete or expire access keys to any system in real time, creating a watertight access command and control security system.
MyCena offers a credential-based segmentation and cyber-resilience strategy that is zero-trust by default and scalable to withstand future attacks from quantum computers. By closing all access security holes and making people’s lives easier, MyCena helps businesses eliminate security risks, costs and lost productivity associated with password resets because people don’t have more passwords to know.
Cost-effective and easy to implement in OT, IT and IoT without any infrastructure changes, MyCena’s security model eliminates the huge problems associated with stolen, phished or shared passwords, especially when people work from home. Using MyCena prevents the loss of command and control over a company’s network and ultimately protects organizations from ransomware attacks.