Benzinga recently had the chance to speak with Wave Systems Corp. WAVX 8.48% CEO Bill Solms about the modern landscape of cybersecurity.
Solms discussed the lessons that companies should learn from recent headline-grabbing security breaches, and he issued warnings to the American public about two of the most common security vulnerabilities.
According to Solms, weak authentication security and lack of data encryption are the two biggest shortcomings when it comes to the digital security of the typical American. Without strong multi-factor authentication, hackers are able to gain access to data by mimicking authorized users. Once they have access to an account, data that is either weakly encrypted or not encrypted at all is vulnerable to theft.
“Just by changing authentication security and data encryption strength, people would dramatically increase their resistance to identity theft or other cyber-attacks,” he said.
Strong Passwords Not Enough
Solms said that…
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