Blog

News and articles

The World’s First ever PasswordLess Day

23 Jun, 2021 by MIRACL Technologies Ltd

MIRACL is calling out to the verification industry and all those championing a passwordless future to join together today, the 23rd June 2021, to highlight the ineffectiveness of the traditional ‘password’ and collectively ensure they are condemned to history. Working in collaboration with MIRACL, businesses are asked to share their thoughts about passwords to collectively create effective online noise – on a day that has been labelled the first ever Passwordless Day in response to Password Day that was celebrated earlier in May.…

MIRACL announces partnership with Cashfac

15 Jun, 2021 by MIRACL Technologies Ltd

MIRACL creates new partnership with Cashfac – a global pioneer of cash management software Cashfac is a global provider of back office operational cash management software, including the world’s most deployed virtual accounts solution. Delivered both through their bank partners and direct-to-customer, their systems help hundreds of organisations improve the productivity, visibility, automation and regulatory compliance of their cash management operations. Due to the critical nature of the Cashfac service, secure Authentication is of paramount importance to its customers.…

The Challenges of MFA in the Public Sector

09 Jun, 2021 by Michael Tanaka, CCO

In a series of new, insightful blogs this summer, the CCO at MIRACL, Michael Tanaka, takes time to reflect on some of the challenges organisations face with authentication processes - and considers how MIRACL could be the solution. In today’s post he considers the role of passwords, why they are still so commonly used - especially in the public sector – and what a cost effective, easily deployed alternative might look like.…

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.…