Solution Alerts User and Provides Remediation When Stolen Credentials are Identified.
Entreda, a developer of integrated cybersecurity software and solutions for regulated industries, announced the launch of Credential Theft Monitoring. This proprietary solution automatically and continuously scans the dark web for client firms’ compromised logins, and passwords alert users and provide remediation plans based on the risk exposure.
The “dark web” refers to sectors of the internet that are not detectable to search engines and often require specialised software or authorisation to access. Dark web sites frequently serve as marketplaces where cyber thieves buy, sell and trade user login credentials obtained through data breaches or other improper means.
More than 15 billion stolen logins are circulating the dark web, according to a 2020 report from Digital Shadows, a provider of digital risk solutions. That number was up 300 per cent since 2018. Stolen credentials are one of the primary channels for ransomware attacks, in which cybercriminals encrypt data on an infected device and only provide users access if they pay a ransom.
Also Read: Top Dark Web Monitoring Platforms
Sid Yenamandra, Founder and CEO of Entreda, said, “Credentials are a favourite target for cybercriminals, and often firms and users aren’t even aware that their logins, email addresses and passwords have fallen into the wrong hands until it is too late. With Entreda’s Credential Theft Monitoring solution, wealth management firms can feel confident that if their credentials have been compromised, they will quickly be able to take action to protect their networks, devices and data, along with those of their clients and partners.”
Along with real-time scanning the dark web for exposed credentials and alerting users whose logins and passwords have been compromised, Entreda’s solution includes access to an in-house Support Line that guides users in addressing any risks involving their credentials.
“There has never been a more crucial time for wealth management firms to be able to quickly detect the theft of their users’ logins and passwords. Credential Theft Monitoring fits seamlessly into the suite of tools, solutions and services that Entreda offers its clients as part of Unify, a holistic cyber defence platform. Protecting sensitive data from cybercriminals is a constantly evolving challenge; in this environment, wealth management firms must have all the flexible, robust tools they need to ‘cover all the bases when it comes to their cybersecurity posture. Our platform has provided this for years, and we will continue to help them navigate this ever-changing landscape,” added Yenamandra.
