Identity Automation Launches New Compromised Credentials Monitoring Service Powered by SpyCloud to Help Educators Address Growing Ransomware Threat

A new add-on feature for the RapidIdentity platform monitors the dark web for compromised credentials and alerts administrators so they can take action to prevent ransomware and data breaches.

Posted: October 5, 2021 at 5:00 a.m. MDT|Update: 24 minutes ago

HOUSTON, October 5, 2021 / PRNewswire / – Identity Automation, the digital identity platform for education, today announced the launch of a new compromised credential monitoring service that can help preschools and institutions education to address the growing threat of ransomware, data breaches and rising insurance costs. . Complementing Identity Automation’s flagship RapidIdentity platform, the new service searches the dark web for hacked username and password combinations and enables IT teams to quickly patch the vulnerability.

Identity Automation (PRNewsfoto / Identity Automation)

Powered by SpyCloud, the service notifies school IT administrators via a daily report when compromised data connected to a managed identity is discovered – be it students, faculty, staff, parents, etc. alumni or external third parties. Administrators can create personalized automated responses through RapidIdentity, choosing actions such as monitoring digital identities and queries, ending active sessions with compromised credentials, locking accounts, requiring a resetting the password before restoring user access and / or implementing a multi-factor authentication login process for affected users. Benefits for schools adopting a compromised credentials monitoring system may include:

  • Reduced cybersecurity insurance premiums
  • Less risk of reputational damage due to massive data breach
  • Avoid the need to pay ransom to unlock hacked systems and recover data
  • An opportunity to refocus resources by automating responses to compromised credential alerts
  • Sensitive information about students, staff and parents is safe and secure

Cybercriminals are targeting K-12 schools and higher education institutions at an alarming rate, drawn to the huge mass of data in school systems, including personal identifying information for students with no credit history. Hackers gained access to student, device and / or faculty accounts and launched horizontal attacks on networks. A recent report in ESchool News indicates a dramatic increase in ransomware incidents targeting schools at the end of last year, with schools accounting for 57% of all targeted organizations, more than double the rate reported in the first half of 2020.

Identity Automation’s new Compromised Credentials Monitoring service is unique in that it is not a stand-alone reporting service; it’s integrated with the best IAM platform available for educational institutions, RapidIdentity, and powered by SpyCloud, a trusted solutions provider protecting over 2 billion employee and consumer identities from takeover account for some of the most famous brands on the planet.

“It is possible to prevent ransomware by negating the main attack vector: the credentials that have been exposed during data breaches,” explained Cassio Mello, SVP of Business Development at SpyCloud. “This service enables schools to quickly identify compromised accounts, enabling them to take action quickly and prevent cyber attacks that exploit recently breached identity data.”

“Our Compromised Credentials Monitoring service can help schools avoid the fate of other educational organizations that have paid hundreds of thousands of dollars in ransom or suffered massive data loss as a result of a hacking, ”Identity Automation CEO said. Jim Harold. “And because it’s integrated with the RapidIdentity platform, IT administrators can automate responses and focus on singular threat vectors instead of analyzing credential issues. This approach is more secure. and more efficient.”

About Identity Automation
Identity Automation provides Identity and Access Management (IAM) solutions for primary and tertiary education. Its flagship platform, RapidIdentity, protects learning environments, maximizes teaching time, and minimizes the burden on information technology and education teams. Technology leaders look to RapidIdentity for its best-in-class security capabilities, time-saving automation, and flexible approach to digital identity management. Based at Houston, texas, Identity Automation is trusted by Chicago Public schools, Public schools of North Carolina, Rochester University, Houston Community College, and hundreds of other institutions. To learn more about the partnership with Identity Automation, visit identityautomation.com.

About SpyCloud
SpyCloud protects consumers, employees, suppliers and citizens around the world from the dangers of a compromised identity. Its solutions make breached information actionable to prevent fraud, enabling a proactive, automated response that negates the value of stolen data before it can be used to cause harm. Its data also powers many popular dark web monitoring and identity theft protection offerings. SpyCloud’s customers include four of the world’s ten largest corporations, mid-sized businesses, and government agencies around the world. Based at Austin, Texas, SpyCloud is home to over 100 cybersecurity experts who aim to make the internet safer. To learn more and see an overview of your company’s exposed data, visit spycloud.com.

Contact
Kasey Thomas
[email protected]

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