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GDPR, 3rd ANNIVERSARY, BREXIT & FINES…

23 May, 2021 by MIRACL Technologies Ltd

As we reach the third anniversary of GDPR what does it mean today? And how can we avoid unwanted fines? Read on to discover the eye-watering fines that have been issued in the last couple of years, and understand how removing customer data from your verification process might be just the answer. From 1 January 2021 the Brexit transition period ended. The EU GDPR no longer directly applied in the UK any more.…

MIRACL Gaming Solutions Announces Partnership with MYLOTTOHUB.com

06 Apr, 2021 by MIRACL Technologies Ltd

MIRACL Gaming Solutions announces partnership with MYLOTTOHUB.com MYLOTTOHUB.com, a growing online African lotteries gaming site, has announced MIRACL Trust®️ as the player authentication solution for their gaming platform to enable good security and seamless authentication. MIRACL Gaming Solutions can uniquely offer the security, scalability and zero-friction user-flow critical for gaming businesses. Not only will MIRACL®️ provide market leading security against both internal and external threats, it will ensure that MYLOTTOHUB.com will meet and exceed current standards for Strong Customer Authentication under NDPR (Nigeria’s Data Protection Regulation) and PSD2 (Payment Services Directive).…

MIRACL® expands into take-away food sector

11 Mar, 2021 by MIRACL Technologies Ltd

MIRACL® has recently signed a contract with pizza empire Domino’s, operating in Mauritius. For the foreseeable future its employees will be authenticating into Adobe Captivate Prime using MIRACL Trust ID® – no employee personal data is stored whilst running the service, and employees can authenticate securely, in record breaking time, using a simple PIN. MIRACL® provides an ultra-secure authentication solution for its partners – with no data stored or transferred the risk of a data breach is eradicated and, with its seamless PIN based multi-factor authentication in 2.…

Account Takeover fraud likely exceeded $25 billion in 2020

19 Feb, 2021 by Rob Griffin, CEO

Last month I highlighted the concerning rise in fraudulent log-ins and the huge increase we have seen in credential stuffing. Not good. Today we consider account fraud take-over. Juniper Research estimates the total cost of account takeover will have reached $25.6 billion in 2020. This is over a 50% increase from the $16.9 billion loss of 2019 and a 500% increase from the cost of $5.1 billion in 2017. Consideration needs to be given to both the direct fraud cost as well as the time cost of forensic assessment and lost customers.…

Generate Cryptographic Keys With Care

05 Feb, 2021 by Dr Mike Scott, Chief Crypto Officer

Cryptography is all about keys, and it is usually assumed that a large random number would make a good key. Your cryptographic security depends on how hard it is for an enemy to guess this key. If you consider a password as a cryptographic key, we all know that large and random is best - the National Cyber Security Centre (NCSC) recommends using 3 random words. Clearly an obvious class of weak keys would be keys that are simply too short.…

Data Privacy Day 2021 - A New Future for Authentication

29 Jan, 2021 by Robert Griffin, CEO

Today, Thursday 28th January is International Data Privacy day. Historically, this has caught little attention but I hope and believe that its significance and profile might grow in the future. For the last two decades, online media has focused on the development of ever more intrusive and detailed online user profiling. Its purpose was both to ensnare users in a dopamine-craving bubble and then empower advertisers to exploit the resultant glued audience with micro-targeted messages precisely optimised to convert.…

MIRACL® unveils new venture with Intergence Systems Ltd

25 Jan, 2021 by Michael Tanaka, CCO

This month we’re delighted to announce details of a brand new partnership with Intergence Systems Ltd – a Cambridge based IT Infrastructure consultancy. The deal will see MIRACL Trust® integrated into Stratiam – Intergence’s well-regarded IT platform, which works by providing the user with a bird’s eye view of an organisation’s entire IT infrastructure whilst enabling them to delve into specific elements as needed. Using AI to solve complex problems much faster and more cost-effectively, Stratiam correlates data from multiple sources and presents a unique, single view of a companies IT infrastructure.…

Attempted Fraudulent log-in rises by 282% YOY

12 Jan, 2021 by Robert Griffin, CEO

In my previous blog last month, I highlighted how easily our credentials were sold on the dark web – and shared some alarming stats in relation to online consumer fraud and identity theft, particularly in relation to account takeovers. Today we assess the current rate of credential stuffing and question why this is continuing to increase at an alarming rate. What is the current rate of credential stuffing? In the last quarter we estimate there were over 10 billion credential stuffing attacks globally with high profile victims in the last few months including Spotify (350,000 accounts in November) and Activision (500,000 accounts in September).…

Why You Shouldn't Put All Your Eggs In One Basket

21 Dec, 2020 by Dr Michael Scott

When it comes to Cyber Sec the old saying runs true - You shouldn’t put all your eggs in one basket. Sometimes that advice is ignored, with very poor outcomes - such as a basket full of broken eggs. In the world of Cyber Security this advice is particularly important, and is precisely why all expert opinion converges on recommending multi-factor authentication. If one basket gets compromised, you still get an egg for breakfast.…

PRESS RELEASE: New international Partnership with AGT

15 Dec, 2020 by MIRACL Technologies Ltd

MIRACL announces new international Partnership with AGT MIRACL today announces a new, exciting partnership with AGT – a leading cyber security solutions provider with a significant presence in the Middle East and Africa. Forging this new agreement will provide exciting opportunities for both organisations – MIRACL to reach out to new geographical regions, and AGT to capitalise on providing the ultra-secure MIRACL passwordless authentication solutions to its customers. Founded in Berlin about two decades ago, AGT is a leading cyber security solutions provider with a strong consultancy focus and extensive system integration expertise.…

FOR SALE: Hacked online identities - get started for free!

10 Dec, 2020 by Rob Griffin, CEO

The last few months have seen some truly alarming stats in relation to online consumer fraud and identity theft, particularly in relation to account takeovers. In this three part series we’ll take a closer look at Credential Stuffing, a very common, high volume, automated bot attack. It’s all about authentication Across new account registrations, payments fraud and attacks on the account login, two thirds of attacks are now directed at account login.…

MIRACL Joins the Mayor’s International Business Programme

27 Oct, 2020 by MIRACL Technologies Ltd

MIRACL are pleased to announce that they have today been accepted onto London & Partners ‘Mayor’s International Business Programme’ for 2020, as part of cohort 18. Rob Griffin, CEO at MIRACL comments, “To have the opportunity to be part of this latest cohort is ideal timing for MIRACL and we are delighted to have been accepted onto the Mayor’s International Business Programme. The increased risk to businesses as regards cyber security off the back of the pandemic this year has really accelerated the need for organisations to re-asses their authentication processes.…