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IT Strategy

EMA Research and MobileIron Find Passwords Still the Biggest Security Vulnerability in New Study

March 16, 2020 by Editorial Staff

Despite developments in identity management and authentication, recent research found passwords are still commonly used despite their vulnerabilities. Sponsored by MobileIron, Enterprise Management Associates security and authentication analyst Steve Brasen found that 42% of security teams report organizational security breaches due to user password compromise.

Additional findings of note:

  • The username/password continues to be the dominant method of authentication used to access business devices, apps and data.
  • The password is still the top attack vector for organizations of all sizes, with 42% of respondents indicating their organization had been breached as a result of a user password compromise.
  • Poor password hygiene is also a top cause of data breaches, with 31% of respondents indicating their organization had been breached as a result of user credentials being shared with an unauthorized peer.
  • Phishing attacks, which are designed to harvest employee credentials, are prevalent. Twenty-eight percent of respondents indicated their organization had been breached as a result of a successful phishing attack.
  • IT and security managers are most confident in the ability of hardware tokens/security keys, thumbprints, and mobile devices to prevent access-based security breaches, compared to other authentication methods like passwords and PINs.

Filed Under: IT Strategy, News Tagged With: IT Strategy, Security

IDC Forecasts ICT Spending to Reach $4.3 Trillion in 2020

March 6, 2020 by Editorial Staff

International Data Corporation predicts worldwide spending on information and communications technology will reach $4.3 trillion in 2020. This increase of 3.6% over 2019 includes commercial and public sector spending on information technology (hardware, software and IT services), telecommunications services, and business services.

Telecom services will represent more than one third of all ICT spending in 2020, the largest category at more than $859 billion, followed by fixed telecom services.

IDC anticipates consumer ICT spending will grow at a slower rate of 0.7% CAGR. Mobile telecom services and devices purchases will be the primary driver of consumer spending.

The research agency identifies 4 industries – banking, discrete manufacturing, professional services, and telecommunications – as delivering 40% of all commercial ICT spending in 2020.

Filed Under: IT Strategy, News Tagged With: Digital Transformation, IT Strategy

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