Security Without Compromise: How Modern Technology Saves Companies from Attack

In a world where cyberattacks happen every couple of seconds and data breaches cost companies billions of dollars every year, business security is at the forefront. Today, it is not enough to simply install antivirus on corporate devices or install security cameras in the office. Modern technology offers comprehensive solutions that help protect data, prevent fraud, and keep employees safe.

But imagine that protecting your business today is as simple as to track a telephone number: the more you understand exactly where your data, employees and financial assets are, the greater the level of control and security. So today we would like to talk more about the key technologies that help companies minimize risk and operate without fear of digital threats.

Data Protection Technologies

In 2023, the total loss from data breaches in the world amounted to 4.45 trillion dollars (according to IBM). Companies that fail to implement modern defense techniques risk not only losing sensitive information, but also reputational damage. So, consider the key technologies that help protect data.

Data Encryption, VPNs and Secure Networks 

Encryption is one of the most secure ways to protect information. It makes data unreadable to outsiders, allowing only the owners of the key to decrypt it.

Two main types of encryption:

• Symmetric encryption, where a single key is used to both encrypt and decrypt data. An example is the AES-256 algorithm (used today in banking systems and cloud storage).

• Asymmetric encryption, where a pair of keys is used - a public key (for encryption) and a private key (for decryption). This method is widely used in blockchain and digital signature technologies.

Companies that handle sensitive data (e.g., banks, healthcare providers, IT corporations) should use modern encryption methods to prevent information theft.

Tip: Be sure to use end-to-end encryption (E2EE) in corporate messengers (e.g. Signal, Telegram, WhatsApp Business) to prevent data leakage.

At the same time, more and more employees are working remotely, which makes corporate networks vulnerable. VPNs (Virtual Private Networks) may enable you to create secure encrypted connections, hiding the real IP address and ensuring the confidentiality of transmitted data.

The best VPN options you can use for business: NordLayer (enterprise VPN solution with split tunneling); Perimeter 81 (allows you to manage employee access to cloud systems); OpenVPN (flexible open-source solution for companies of any size).

Lifehack: Even if employees work in the office, set up a VPN for internal networks to protect data from outside attacks.

In 2020, Twitter faced a massive hack due to a vulnerability in its employee remote access system. Hackers gained access to the accounts of Ilon Musk, Barack Obama, and Bill Gates using phishing attacks on employees without VPN protection. That is why you should have this defense tool.

Multi-Factor Authentication (MFA)

Imagine the situation: an employee uses the same password for a corporate email account and a personal social media account. If hackers hack into his personal account and get the password, they can easily log into the corporate systems, especially if the company lacks additional security.

This is where multi-factor authentication (MFA) comes to the rescue. This is a login method that requires a user to prove their identity using several independent factors. Even if an attacker learns the password, they will not be able to log in without additional confirmation. In practice, it may look like this:

• Password input + one-time code from SMS.

• Login using biometrics (Face ID, Touch ID) + PIN code.

• Using a hardware key (e.g. YubiKey) + password.

What types of MFA are the most secure?

But not all multi-factor authentication methods are equally effective. Some may be vulnerable to attack, please consider it in the table below.

 

 

Fraud Prevention Tools

Modern fraud methods are becoming increasingly sophisticated and technologically advanced. Hackers use artificial intelligence, forged documents, social engineering and other schemes to bypass security systems. According to Juniper Research, global financial losses from digital fraud are expected to reach billion dollars in 2023, and that number continues to grow. This is why companies should adopt modern technologies to protect against fraud:  AI and machine learning, blockchain technologies, and behavioral analytics systems.

Artificial Intelligence and Machine Learning

AI algorithms analyze millions of transactions per second, making it possible to identify suspicious patterns and anomalies that would go undetected.

The working principle of such algorithms is based on learning from big data, i.e. it studies user behavior, evaluates transaction patterns, and finds inconsistencies that are characteristic of fraudulent activity.

AI implementation in the fight against fraud:

• Feedzai - used in banking to analyze transactions and predict fraudulent transactions. For example, if a customer always shops in New York, but suddenly the system records a large transaction in Brazil, AI will automatically flag that action as suspicious.

• Darktrace - applies behavioral analytics to detect insider cyberattacks. Algorithms detect abnormalities in employee activity that could indicate a data breach or hacking attempt.

Interesting fact: According to an IBM report, more than 80% of attacks can be prevented with AI solutions, as such systems can detect threats 96% faster than traditional monitoring methods.

Blockchain

This is a decentralized and immutable data storage system in which every transaction is recorded on a distributed network and cannot be deleted or altered without the consent of all participants. This technology is already actively used in the banking sector, trade, law and even in art.

IBM Blockchain is used in logistics and supply chains to confirm the authenticity of goods. For example, in the jewelry industry, blockchain has already helped prevent $1.2 billion worth of diamond fraud in 2021.

The essence of the technology is simple: each stone receives a unique digital identifier that cannot be faked. This helps trace its origin, eliminating the possibility of trading in “conflict diamonds” (which are used to finance armed conflicts).

Tip: To protect corporate data, companies can use blockchain platforms to create digital signatures on documents. This will prevent situations where important contracts are tampered with or edited without the parties' knowledge.

Employee and Asset Security Solutions

Business security is more than just protection from hackers and fraudsters. The security of employees, equipment and corporate transportation also plays a huge role among the possibilities to reduce the operational risks. So, below we would like to discuss it in detail.

GPS Monitoring and Control of Corporate Transportation

Companies that use corporate vehicles face issues of unauthorized vehicle use, tardiness, and even fuel theft. GPS monitoring helps to solve these issues by providing full transparency for employees and equipment movements.

Systems and apps like Number Tracker can track the location of employees or monitor the location of corporate vehicles in real time for safety. This can help you get to help quickly when needed, reduce fuel and maintenance costs, but also reduce the number of PDDs and prevent incidents of malpractice.

Tip: GPS monitoring can be integrated with other security systems such as in-vehicle video surveillance and fuel sensors. This will help to control movements and costs even better.

AI Cameras and Biometric Identification

Traditional CCTV cameras are no longer always effective. Modern solutions with artificial intelligence analyze human behavior and can automatically detect suspicious activity, such as:

• Long stays in restricted areas.

• Attempts to break into doors or enter a room with someone else's badge.

• Unnatural movements are characteristic of theft preparation.

One of the leaders in this area is Verkada, which uses machine vision to analyze the situation and automatically alert security services when threats arise. By the way, companies are implementing Face ID, fingerprints and iris for the same purpose: to restrict access to important premises. This prevents employees from passing badges to each other or attackers from forging access cards.

By the way, companies that have implemented biometrics reduce the number of incidents with fake badges by 95%. But it is important to take into account that when implementing AI cameras, it is important to train staff to respond correctly to the system's alarm signals. Without proper interpretation of the data, even the most advanced camera will not provide complete security.

Security 2.0

Cyber threats are evolving, but technology does not stand still either. Today, security is not just a defense, but a proactive strategy in which AI, blockchain and biometrics become a shield for business. Now is the time to stop playing catch-up with hackers - the future of security is here, and it's working for you.