Priya Patel
TLDR:
- AI is adding new dimensions to cyber-threats, making it more sophisticated for fraudsters.
- SecureAuth, an internet identity security company, is focusing on ensuring that the right people have access to the right information at the right time.
Artificial intelligence has significantly increased the dangers of cyber security according to Joseph Dhanapal, the CEO of SecureAuth. He highlights a case where a finance officer fell victim to a deep fake scam involving AI that cost his company $25 million. SecureAuth operates by validating a person’s identity before allowing them to access information or data. With the increase in online fraud, it is crucial for companies to adopt strong identity security measures.
The younger generation’s expectation of a seamless yet secure online experience has pushed companies like SecureAuth to develop tools like Arculix passwordless authentication. SecureAuth also offers multi-factor authentication and processes up to 100,000 authorizations per second. Dhanapal emphasizes the importance of making sure that only the right individuals have access to sensitive data at the right time.
Dhanapal notes that one of the biggest challenges in cybersecurity is identifying and taking action against “sleeper cell equivalents” in the digital world. These are individuals who infiltrate a system, remain inactive, and then launch attacks when least expected. SecureAuth operates in a continuous battle to stay ahead of cyber threats and ensure data security for its customers.
