Recently, in its blog, Twitter has confessed that it has been keeping is users’ stored passwords as “unmasked in an internal log”. This simply means that the users’ passwords were visible and easily readable. Twitter cyber security specialists identified and solved the problem themselves and afterwards asked millions of its users to change their passwords. They did not, however, specify the number of accounts that got under risk; news company Reuters says that more than 330 million users received messages asking them to change passwords. Although the company ensures that none of the accounts were breached or even attempted to be breached, this accident shows a massive lack of control over data security in the company, damaging its reputation.
Why do companies need to pay more money for the security of their information today, but still cannot fully guarantee that it is safe?
By Angelina Liparteliani, Marketing Assistant for PixelPin Ltd
As it was estimated by World Economic Forum, the cost of dealing with cyber-attacks and other types of data breaches reached trillions of dollars in 2017 and just in few years will hit $8 trillion. Experts say that cybercrime is in top 3 of the most dangerous global risks, after extreme weather conditions and natural disasters. Moreover, companies tend to hide 80% of breaches intentionally and only 20% of them become public.
Have you ever thought how much of your data social media takes and uses when you log in through it? We can tell you!
With the purpose to promote an effective digital progress, Digital Leaders has created a worldwide initiative of professional web space for leaders in the digital age.
In 2013 Digital Leaders established a DL100 list to identify businesses and individuals, who showed an outstanding and innovative digital development in the private, non-profit and public sectors.
PixelPin was very honoured to participate in this competition together with over 1000 progressive companies. There were 100 companies selected out of 1000 — 10 per category and PixelPin was part of the DL100 finalists in the Cyber Resilience Innovation of the Year category.
The top digital innovators were announced yesterday, at Digital Leaders 100, 2018 Awards in Sheraton Grand Park Lane Hotel.
We at PixelPin believe that modern authentication should be not only secure and innovative, but also very simple and quick. This will allow our clients think of and spend time on something more important and let us take care of their online safety. — Simple!
Following this, we have presented the technology in 4 easy steps:
Under the motto “security should not be something to fear, but make you feel safe” PixelPin has built a secure authentication system that allows using pictures instead of passwords. The security solution that introduces a completely new approach to online safety because it offers the opportunity to integrate your favourite image or photo as your password and secure your data at a pixel level.