Identity Automation Launches New Compromised Credentials Monitoring Service Powered by SpyCloud to Help Educators Combat Growing Ransomware Threat
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HOUSTON, October 5, 2021 / PRNewswire / – Identity Automation, the digital identity platform for education, today announced the launch of a new compromised credential monitoring service that can help K-12 schools and colleges address the growing threat of ransomware, data breaches, and rising insurance costs . As an additional function for Identity Automation’s flagship platform RapidIdentity, the new service searches the dark web for hacked username and password combinations and enables IT teams to quickly fix the vulnerability.
The service operated by SpyCloud notifies the school’s IT administrators via a daily report when compromised data is discovered in connection with a managed identity – be it students, teachers, employees, parents, alumni or external third parties. Administrators can use RapidIdentity to create custom automated responses, select actions such as digital identity monitoring and queries, terminating sessions that are active with compromised credentials, locking accounts, resetting passwords before restoring user access, and / or implementing a registration process with multifactor authentication for affected users. Benefits for schools using a compromised credential surveillance system include:
- Lower cybersecurity insurance premiums
- Lower risk of reputational damage due to a massive data breach
- Avoid the need to pay a ransom to unlock hacked systems and restore data
- An opportunity to realign resources by automating alerts for compromised credentials
- Sensitive information relating to students, staff and parents is safe and secure
Cyber criminals are targeting K-12 schools and colleges at an alarming rate, drawn from the school systems’ vast pool of data, including personal identification information for students with no credit history. Hackers have gained access to student, device and / or faculty accounts and launched horizontal attacks over networks. A recent report on eSchool News points to a dramatic increase in ransomware incidents targeting schools late last year, with schools accounting for 57% of all target organizations, more than double the rate reported in the first half of 2020.
Identity Automation’s new compromised credentials monitoring service is unique in that it is not a standalone reporting service. It’s integrated with the best IAM platform for education, RapidIdentity, and powered by SpyCloud, a trusted solutions provider that protects over 2 billion employee and consumer identities from account takeovers for some of the world’s best-known brands.
“Ransomware prevention is possible by negating the main vector of attack: credentials exposed in the event of a data breach,” explains Cassio Mello, Senior Vice President of Business Development at SpyCloud. “This service enables schools to identify compromised accounts early so they can take action quickly and prevent cyberattacks that use recently compromised identity data.”
“Our compromised credential monitoring service can help schools avoid the fate of other educational institutions that paid hundreds of thousands of dollars in ransom or suffered massive data loss through a hacking incident,” said Identity Automation CEO Jim Harold. “And because it’s integrated with the RapidIdentity platform, IT administrators can automate responses and focus on individual threat vectors instead of analyzing credentials. This approach is safer and more efficient. “
About identity automation
Identity Automation provides identity and access management (IAM) solutions for K-12 and higher education. Its flagship platform, RapidIdentity, protects learning environments, maximizes class time and minimizes the burden on information and educational technology teams. Technology leaders turn to RapidIdentity for its world-class security features, time-saving automation, and flexible approach to managing digital identities. Headquarters in Houston, TexasIdentity automation is trusted by Chicago Public Schools, Public Schools by North Carolina, Rochester University, Houston Community College, and hundreds of other institutions. To learn more about partnering with Identity Automation, visit identityautomation.com.
Via SpyCloud
SpyCloud protects consumers, employees, suppliers and citizens worldwide from the dangers of a compromised identity. Its solutions make hacked information actionable to prevent fraud and enable a proactive, automated response that negates the value of stolen data before it can be harmed. Its data also supports many popular dark web monitoring and identity theft protection offerings. SpyCloud customers include four of the top ten global corporations, medium-sized businesses, and government agencies around the world. Headquarters in Austin, TX, SpyCloud is home to over 100 cybersecurity experts who want to make the internet a safer place. To learn more and get an overview of your company’s exposed data, visit spycloud.com.
Contact
Kasey Thomas
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SOURCE Identity Automation
similar links
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