Cybersecurity

A low-tech social engineering scam has created high-stakes consequences for MGM Resorts International. A September “vishing” attack cost the Las Vegas casino giant about $100 million, according to the company’s recently filed disclosure with the U.S. Securities and Exchange Commission.

Manual security processes are no longer sufficient for dealing with the growing volume of sophisticated cyber threats across increasingly complex IT environments. With an estimated 560,000 new pieces of malware detected each day and a cyberattack occurring every 39 seconds, security automation has become a necessity.

There may be no use crying over spilled milk, but spilled data is another matter. When sensitive information inadvertently trickles out of networks or cloud platforms, it’s enough to bring tears to the eyes of executives, board members and IT leaders.

Research consistently shows that about 80 percent of all confirmed breaches are related to stolen, weak or compromised passwords. Password management solutions offer a simple and effective way to secure credentials by eliminating the burden on users to create, type, change and remember dozens of different passwords.