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SpyCloud Pioneers the Shift to Holistic Identity Threat Protection

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SpyCloud, a leading identity threat protection company, announced key innovations in its portfolio, pioneering the shift to holistic identity threat protection.

By operationalising its vast collection of darknet data with automated identity analytics that correlate malware, phishing and breach exposures across individuals’ past and present work and personal personas, SpyCloud enables security and fraud prevention teams to comprehensively uncover hidden identity assets, rapidly remediate exposures and better protect their businesses from previously unseen threats.  

Identity security vendors have focused narrowly on securing corporate accounts, leaving organisations vulnerable to cybercriminals exploiting the broader identity exposures of employees, consumers, and suppliers. A shift to an identity-centric perspective is needed, particularly as the scope of identity exposures continues to grow. SpyCloud research reveals that the average individual has as many as 52 unique usernames/emails and 221 passwords exposed on the darknet across their online personal and professional identities. 

The impact of these exposures is evident: nearly a quarter of data breaches resulted from compromised identity data. Credential attacks led to $4.81 million in related costs per breach and took the longest to identify and contain. 

SpyCloud’s holistic identity threat protection addresses these challenges by encompassing the full spectrum of an individual’s online presence. This innovative approach empowers security teams to proactively protect against previously unseen risks, including the darknet exposures of identity and authentication data stolen about employees, consumers, and suppliers that have been beyond their visibility to date. 

“The cybersecurity industry has spent years and billions of dollars securing accounts, but criminals have moved far beyond account-level access,” said Ted Ross, SpyCloud’s CEO and Co-Founder. “The dirty secret of the identity security industry is that efforts to lock down the perimeter fail because they focus on accounts, while bad actors target the full scope of users’ holistic identities.”

“These sprawling identities, exposed through breaches, infostealer infections, and phishing attacks, create shadow data that traditional tools simply can’t address. ”Ross continued, “SpyCloud changes the dynamic by providing unmatched visibility into the same data criminals are exploiting, enabling organisations to remediate exposures across the entirety of users’ online personas. This shifts the advantage back to security leaders, empowering them to act on threats that were previously beyond their reach.”

 

Key Innovations Underpinning SpyCloud’s Holistic Identity Threat Protection 

 

 

SpyCloud’s Capabilities Set a New Standard For Identity Security

 

SpyCloud could be uniquely positioned to champion the transition to holistic identity security, backed by nearly a decade of experience and the industry’s largest repository of recaptured breach, malware-exfiltrated, and successfully phished data. Its holistic identity lens reveals a comprehensive view of exposed identity information; from credentials and PII to financial data and sensitive digital artifacts.

“SpyCloud’s innovative identity threat protection is about as important as it gets in cyber; identity is everything,” said John N. Stewart, SpyCloud Board Member and former Chief Security and Trust Officer of Cisco. “By making it possible to view and act on the world’s best source for identity exposures, SpyCloud raised the bar to the top for proactive defense against all types of identity-driven cyber exploitation.”

“We are redefining identity security by making holistic protection practical and achievable for our customers,” added Damon Fleury, SpyCloud’s Chief Product Officer. “SpyCloud has a long history of leading the way in understanding the cybercrime ecosystem, from our early days in world-class ATO prevention to continuing to build solutions that empower organisations to proactively protect against threats stemming from infostealer malware, phished and breach data.” Fleury continued, “This evolution to make holistic identity threat protection a reality for enterprises is critical to our mission of disrupting cybercrime. We aim to stop identity-based threats once and for all.”

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