Digital Security

Why ITDR Is the Future of Protecting Digital Identities and Combating Cyber Threats

“ITDR is not just a tool; it’s a shift in how we think about identity security.” 

Chris Mitchell, Chief Information Security Officer

Imagine one day, you find out that a huge transaction from your card has been made overseas and the amount you have been saving for a long time has now vanished into thin air. 

Sounds like a nightmare, right? This is what happened with about 426,000 people in 2023. (Hyperverge: Identity Theft Statistics) 

As someone who works as an identity and access management specialist in a bank, hearing about such incidents is an everyday tale for me. This is not the only type of identity theft, and definitely not a small concern. That is why ITDR solutions like Semperis ITDR have become a necessity to operate safely in the modern world. 

In this article, I will tell you all about ITDR and how we (and other organizations) utilize it for tackling cyber threats. 

What is ITDR?

ITDR or Identity Theft Detection And Response, I think you might have gotten an idea from the name, is a cybersecurity approach that focuses on safeguarding from digital malicious attacks such as identity thefts.

You can think of it as a combination of technologies, tools, and processes that help ensure cybersecurity for an organization by continuously monitoring, detecting, and responding to potential threats. 

Why ITDR is Crucial for the Future of Cybersecurity

In the current times, no one stands in queues anymore to get their work done, we have found an online alternative for everything, be it online banking, corporate access, or communication. Especially after the COVID-19 pandemic, a surge in the shift to remote work and cloud computing is quite evident, and these methods will only get more prevalent in the coming days.

But as it is said, great innovations come with consequences, and in this case, these are cyber threats. With the advancement of technology, cyber-attacks are also evolving, and hence, the need for robust security systems is greater than ever. 

ITDR proves to be an effective solution for all as it not only defends against threats but also adapts to new ones, ensuring that organizations remain secure, compliant, and resilient in this highly interconnected and increasingly digital world. 

How ITDR Helps Protect Digital Identities

You will be shocked to know that in just 2023, the Federal Trade Commission received over 1 million identity theft reports. I know this number is huge, but let me tell you the good news, it is now on a steady decrease. In 2022, the same was reported to be 1.1 million and in 2021, it was 1.4 million.

One of the reasons for this decrease can be the advanced security approaches like ITDR. Here are four ways how it protects digital identities- 

• Continuous Monitoring – Like surveillance cameras, ITDR systems look out for any suspicious activities or anomalies 24/7 and immediately report to response teams if anything abnormal is detected. 

• Multi-Factor Authentication – In case the user’s password is compromised, this provides an additional layer of security to safeguard their data from attackers. 

• Risk-Based Access Control – ITDR systems can automatically reduce the access granted if you log in to an unusual device or location.  

• Adaption To Emerging Trends – It is no secret that digital attacks are continuously evolving with the advancement in technology. ITDR systems can stay ahead by learning and adapting to these new attack methods over time. 

FUN FACT 
Some advanced ITDR solutions use behavioral biometrics to assess the identity of users based on unique traits such as typing patterns, mouse movements, or even the way users swipe on their smartphones. 

How Semperis ITDR is Leading the Charge in Identity Security & Improves Cyber Threat Defense

Among various other options, Semperis ITDR is leading the charge in identity security as it follows a proactive approach to your digital identities from cybercriminals. The following points illustrate how it improves cyber threat defense

• Real-Time Threat Detection – With its continuous monitoring features, Semperis ITDR offers an effective threat detection solution. 

• Active Directory Protection – Active directories are often thought of as a weakness and targeted by cybercriminals. But Semperis ITDR provides comprehensive protection to AD and closes all the channels for the attackers.

• Automated Threat Response – It does not wait for the response team to get on the case and reduces the dwell time by its response measures, minimizing the damage.  

Why ITDR Will Continue to Evolve

As the threat of cybersecurity is continuously on the rise, the security infrastructure will keep on evolving. The ITDR infrastructure is already making big moves to tackle potential cyber threats and is going to provide better safety against identity thefts and other complexities. Apart from that, the following are some key reasons that are going to drive the innovation:

• Evolving threat landscape
• More reliance on identities
• Integration with better security tools
• Advance AI and ML analytics.

With that note, the mentioned graph shows the potential growth of the global Identity Threat Detection and Response market. The industry is set to grow up to 45 Billion USD by 2031.

Conclusion

Finally, in this article, I shared insights from my detailed research on ITDR or Identity Theft Detection And Response. ITDR is actively used by businesses and organizations across the world to upscale their digital security infrastructure and combat cyber threats.

In the end, if you find this article helpful in any way possible, share it with your teammates and colleagues as well. 

Posted by

Priya Prakash

Internet Writer