Security Roundup: BYOD, Wipro Attack, Okta-Evident ID, IoT Security
… subtle behavior anomalies that are indicators of account compromise, Nayyar said.
“Since [malicious] hackers will exploit whatever accounts they can successfully compromise to break into the organization, including user accounts, system accounts, service accounts [and so on], it’s critical to actively monitor not just user activity, but also device and identity behavior,” she said. “For an MSP like Wipro that has trusted access to their customers’ IT infrastructure, this can cascade to impact tens, hundreds or even thousands of companies that use their services,” she said.
Okta Unveils Partnership with Identity Verification Startup Evident ID
Okta has partnered with Evident ID on an integrated offering that allows businesses across industries to access and move between multiple identity verification methods while reducing their exposure to sensitive or regulated information.
Evident’s platform provides identity and credential verification for many of the world’s fastest-growing companies.
Eric Souder, Okta’s senior management of business development, tells us his company is focused on building a customer identity partner ecosystem to “enable our customers to best utilize their identity investment.”
“With Evident, we enable customers to add ID proofing and verification as part of the consumer journey,” he said. “Like with all of our advanced partner integrations, our SI and service partners now have additional solutions to enable our customer’s success.”
All of Okta’s advanced integration partners, including Evident, provide SIs and service partners the ability to expand on the capabilities of the Okta Identity Cloud and “enable us to work together to provide for our client’s needs and make them more secure and successful,” Souder said.
IoT Security Market Set to Skyrocket Through 2023
To say IoT security is hot is a massive understatement. The market is set to more than quadruple by 2023, accelerating from $8.2 billion last year to $35.2 billion.
That’s according to a new report by MarketsandMarkets, which expects a compound annual growth rate (CAGR) of nearly 34 percent during the period. The major vendors in the global market include such giants as Cisco, IBM, Intel, Symantec and Fortinet.
Major factors driving the market are the increasing number of ransomware attacks on IoT devices globally, growing IoT security regulations and rising security concerns over critical infrastructures.
Network security, a technique for securing networks from advanced threats by collecting and analyzing the different types of network security event information, is expected to account for the largest market share through 2023. It combines the multiple layers of defenses at the edge and in networks, and is one of the important aspects when it comes to securing the IoT ecosystem.
Among market segments, device authentication management is expected to account for the highest market share through 2023. The identity access management solution plays a vital role in managing enterprises’ electronic or digital identities. These solutions can be quickly and cost-effectively integrated with identity access management policies across on-premises, cloud and hybrid environments.
The United States is expected to lead market share in IoT security. The United States and Canada are the early adopters of trending technologies, such as IoT, big data and mobility, and would provide significant growth opportunities for IoT security vendors, according to MarketsandMarkets.