Identity Matters - February 2024

Winter is finally coming to an end, yet the skies are still looking dark in the world of cybersecurity. February 2024 has been a watermark for catastrophic cyber incidents, from the largest data breach in French history to thousands of accidental spying on people’s homes. Get up to speed with these crucial cybersecurity developments and keep current on the most important events affecting data security and identity management.

Because Identity Matters.

Industry Highlights

33M French Citizens Impacted in Country's Largest-Ever Breach

A colossal breach incident in France has made February go down in cybersecurity history. The French CNIL reported that Viamedis and Almerys, two companies that handle financial data for more than half of all French citizens, had been jointly hacked mere days apart, resulting in the largest data breach in France’s history. With personal details including marital status, birthdates, ID numbers, and other compromising details now in the hands of the hackers, French citizens have been advised to be on high alert for personally targeted social manipulation campaigns.

Go to Dark Reading for a complete analysis of this catastrophic event and its ramifications here

Verizon employee compromises personal data of 63,000 colleagues

Unfortunately, the strongest reminders of good cybersecurity hygiene often come in the aftermath of a dire breach. Verizon recently revealed that over 60,000 employees have had critical data (including names, addresses, and SSN) compromised after “insider wrongdoing.” While Verizon has not revealed whether or not the incident was accidental or the result of intentional malfeasance, it highlights the necessity of data hygiene.

Go to CSO Online for more details here.

Wyze camera breach allowed 13,000 people to spy on strangers

The prospect of a hacked smart home camera being hacked is a chilling prospect, but for the spying to be accidental borders on farcical. Yet that is exactly what Wyze customers experienced when a web-caching issue caused them to start receiving video data from other users’ homes.

Go to Cybernews for their in-depth breakdown of the incident and its implications for IoT security here

6 multi-cloud identity management tips and best practices

The problems and challenges posed by housing data across public, private, and hybrid clouds are coming into starker and starker relief each year. Without a strong multi-cloud model and security strategy, a company’s entire identity fabric is put into jeopardy. Dave Shackleford of Voodoo Security has compiled a list of six recommendations enterprises can follow to better protect their critical personal date.

Read the full list at Informa TechTarget here

MadRadar hack can make self-driving cars 'hallucinate' imaginary vehicles and veer dangerously off course

A recent experiment carried out by AI expert Miroslav Pajic has demonstrated the potentially deadly vulnerabilities faced by self-driving cars. His program, dubbed MadRadar, fooled afflicted vehicles with illusory data, causing them to avoid false obstacles or ignore real ones.

Go to Duke University Pratt School of Engineering for the ramifications of this experiment and critical cybersecurity protections they recommend here

5 Ways to Win the Digital Battle in FinServ with Identity

Financial services (FinServ) is beset by identity management and security issues. From directed cyber-attacks to unintuitive user interfaces, the digital experience of financial customers always seems to be two steps away from disaster. However, Adam Preis, MCIM , Director of Product and Solution Marketing at Ping Identity offers a solution (or rather 5 solutions) to confronting these challenges to enhance customer experience, profitability, and trust.

Visit Simeio’s trusted partner and learn how here

Simeio Spotlights

Simeio Ranks in the CRN MSP 500

One of the most important ways that Simeio communicates its value is through the accolades it earns year after year, and we are proud to rank in CRN's Managed Service Providers 500 list for the 7th year in a row! Once again, Simeio has ranked onto the Managed Security 100 list, for the 7th year in a row. This accolade which spotlights MSPs with cloud-based security services expertise. Congratulations to the team members who positioned us for such a success and continue to put in the hard work needed to make these achievements happen.

See Simeio’s placement on the MSP 500 here

CIAM Solutions at Home and Abroad

From building customer loyalty to preventing data breaches, managed CIAM solutions are critical for the modern travel and hospitality industry. It helps your enterprise keep up with industry trends, automate critical systems, protect sensitive customer data, and drive more meaningful consumer insights.

Discover how CIAM solutions empower employees, strengthen cybersecurity, and create brand advocates here

Infographic - Top 5 Takeaways from the 2024 SKO Customer Panel

In case you missed it in last month’s newsletter covering Simeio’s Sales Kick-Off, we’ve compiled the top five takeaways from our esteemed guests at the event. Their insights reflect important industry trends, best practices, and emergent threats facing modern managed identity services.

Get up to speed with the full list here