Xage Security Introduces the First Universal Multi-Factor Authentication for Industrial Operations

PALO ALTO, Calif., July 07, 2020 (GLOBE NEWSWIRE) -- Today, Xage Security introduces a new universal Multiple-Factor Authentication (MFA) offering, enabling industrial organizations to protect their entire operation, across a variety of assets a?? even those that previously lacked even basic device password protection a?? for the first time. Built specifically to support OT/IoT use cases, Xagea??s MFA solution eliminates operational dependencies to ensure that industries can protect their assets from attacks, including the growing wave of cyberattacks that exploit remote access vulnerabilities.
Many industrial operations include machines with no password protection, or basic lock/unlock features that lack secure access control. In the last two years alone, digital attacks targeting industrial control systems (ICS) and operational technology increased by over 2000%. Many of these attacks involved a combination of exploiting known vulnerabilities in supervisory control and data acquisition (SCADA) and ICS hardware components, along with default-password and password-spraying attacks leveraging brute force login techniques. Furthermore, recent estimates project the number of IoT connections to rise to 83 billion by 2024, with the industrial sector accounting for around 70% of those connections. The layering of new and legacy systems and technologies, combined with an increase in remote work for the foreseeable future, gives operators less visibility and control over logins happening from various locations at all timesa??a??and puts them at massive cyber risk if they leave assets unprotected.Xagea??s new solution enables MFA for any device and application, so industrial organizations can enforce authentication with multiple-factors (passwords, one time token, biometric, etc.) across their entire system. For the very first time, operators can add MFA to all of their assets (new and legacy), and enforce universal multi-factor, identity-based, low latency access on remote assets, even over intermittent networks. Xagea??s highly resilient authentication and enforcement are delivered at the edge and continue to operate even if connectivity to the center is losta??a??ensuring universal tamperproofing without additional dependencies. As a result, Xagea??s MFA solution mitigates a vast array of common cyberattacks, including password spraying attacks, password theft, identity theft attacks, and phishing attacks to plant malware on target devices.a??In the last few months, wea??ve seen operational systems open up to remote access and authorizationa??a??out of necessity for business, but often without all the necessary protections in place,a?? said Xage CEO, Duncan Greatwood. a??With the risk of successful remote attacks having increased exponentially, organizations need to utilize identity-based security. Multi-factor authentication is more critical to industrial operations than ever before, and now operators can immediately deploy it to every asset.a??Xagea??s unified MFA capabilities include:
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