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Security measures like one-time passwords are becoming more common

To counter growing cyber threats, many companies are embracing additional security methods to limit threats

| Hacking & Security News | Posted: Feb 22, 2014 1:20 pm

Companies searching for new methods to keep networks safe and defend against cyberattacks are increasingly turning to strong authentication and one-time passwords, according to market research firm Frost & Sullivan.

 

TweakTown image news/3/5/35631_01_security_measures_like_one_time_passwords_are_becoming_more_common.jpg

 

Strong authentication is the technique used by banking and financial institutions, while one-time passwords are single-use passwords that better protect against phishing and other security breaches.

 

Smaller boutique security vendors have popped up to help fill the void in a booming security market. Since more companies and consumers are scrambling for security solutions this will lead to a market of acquisitions as larger companies gobble up smaller, niche security firms.

 

"The strong authentication market does not have a single future but many futures, as different use cases and levels of requirements will necessitate diverse solutions," said Frank Dickson, Frost & Sullivan network security industry analyst, in a press release. "To that end, attaining technology through acquisitions or licensing is a successful strategy to address product portfolio deficiencies."

 

The use of sophisticated malware has been in the news a lot over the past 12 months, with cybercriminals honing their digital skillsets. Malware isn't a new security threat, but growing sophistication and an expanding black market now makes it easier for people to compromise users.

NEWS SOURCE
Frost.com

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