Account takeover cause at least USD $6.5 to $7 billion in annual losses across multiple verticals.
When Forrester Research, Inc. releasedin June 2017, Cyxtera was named a Strong Performer, receiving the highest possible score in customer satisfaction, reporting, and verticals.
The report noted that Cyxtera “offers well-documented supervised machine learning algorithms, capable IP and device fingerprint blacklist management and rule scoping, and what-if policy testing.”
According to the report,“estimates that ATO (account takeover) causes at least $6.5 billion to $7 billion in annual losses” across multiple verticals. The report goes on to note that “[f]irms also face loss of intellectual property (IP) and breaches of sensitive data as a result of ATO. RBA (Risk-based Authentication) plays an important role in the identity and access management (IAM) and risk mitigation of ATO across a variety of user populations.”
Rest assured that as account takeover becomes an increasingly serious challenge for organizations, and criminals use compromised accounts to steal IP and other sensitive data, we are constantly innovating to ensure that our multi-factor authentication offering provides customers a leading-edge solution for dealing with today’s most sophisticated online threats.
Our ongoing commitment to staying ahead of the cybersecurity curve helps enterprises secure sites and native mobile applications with a unified solution able to seamlessly integrate with existing IT infrastructure. Combined with a wide range of available authentication factors, this improves ease of use while minimizing administrative, investigative, and compliance-related labor so that organizations can focus on growing their business.
At Cyxtera, we go above and beyond in serving our customers--a fact that we think led to our being top-ranked in the customer satisfaction criterion in the report. As we move ahead in our quest to stop cybercrime in its tracks, we look forward to extending our advanced authentication capabilities across the entire Cyxtera portfolio around the world.
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