18% of employees admitted to sharing their password.
In 2008, the average cost per incident of a data breach was $6.7 million, and lost business averaged $4.6 million.
64% of losses were due to the actions of insiders at the company.
A shocking 11% of employees reported that they or their fellow employees accessed unauthorized information and sold it for profit.
Business travelers lose more than 12,000 laptops per week in US airports.
31% of customers terminate their relationship with organizations following a breach.
Businesses lost over $1 trillion to cybercrime in 2008.
77% of companies think their networks are not secure.
The per capita cost of a data breach already exceeds $1000.
39% most concerned about threat from employees, not hackers.
Technology
Eliminate Insider Negligence
In 2008, more than 88% of all data breaches involved insider negligence. Such security compromises are potentially catastrophic. A McAfee study reports that one-third of companies polled believe a data breach could put them out of business. As much as you’d like to stop your employees from using a single password for all their accounts, it’s not enforceable. Sovay solves this problem by eliminating passwords.
Be Ready For Anything
The security industry is growing at an unprecedented pace, with new technology and advancements announced weekly. With so many new players entering the market each year, it’s hard to know who is in the winner’s circle now, and impossible to predict the winner’s circle for next year. Security solutions are huge investments, so it would be a tragedy to pick one of the losers. Which technologies will you use in your multi-factor solution?
You Need a Solution Now
Companies are paying $6.7M in direct costs for the average data breach and suffering $4.6M in lost business. In addition they are losing a third of their customers after the data breach. In 2008, US companies reported $221B in direct costs redressing data breaches. TJX spent $250M redressing a single data breach. Not many companies could survive a hit of this magnitude. Could yours?
Don’t Verify Credentials; Identify Users
Veritrix introduces Sovay, a human identification system. In a single action, Sovay identifies the user and confirms the user is live. Our patent-pending login process uses multimedia data to analyze the physical and behavioral attributes of the user. Since users can’t loan or copy themselves, Sovay eliminates user-controlled credentials. Users are relieved of the password burden. There are no credentials that can be shared, stolen, or carried. Identification of the human user is in real time.
Integrate Best-of-Breed and Legacy Technologies
Sovay provides a highly flexible framework, permitting the best available identification technologies to be used as they evolve. The architecture allows different login criteria for a single user, depending on the location, equipment available, and the information to be accessed. As technology and uniformity of equipment in your company changes, the system adapts to the new environment.
Install Sovay Now
Sovay is built on industry-standard platforms (including Tomcat, Apache, MySQL, and Flash) and supports Native PC, PHP, and JSP clients. Sovay supports a variety of human recognition libraries. The framework uses a simple POJO interface that passes an XML parameter to your favorite library to leverage Sovay’s scalable and highly configurable framework.
Resources
Visit our Resources Center for more information about using Sovay. You can also explore “Ask Sovay“, a column where questions about identification and authentication are answered.
How Sovay Works
Login Demonstration Video
Registration Demonstration Video
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