How Artificial Intelligence and Massive Data Sets Are Both Fueling and Fighting the New Wave of Cyber Threats

[LOS ALTOS, Calif., August 13, 2024] – Constella Intelligence (“Constella”) today launched its highly anticipated 2024 Identity Breach Report, titled “Welcome to the GenAI Attack Revolution: How AI and Large, Complex Data Sets Are Amplifying the Risk of Identity Exploitation.” This groundbreaking report delves into the unprecedented challenges posed by AI-driven attacks and the explosive growth of exposed digital identities. With AI technologies driving a new wave of sophisticated cyber threats, the report emphasizes the urgency for organizations to adapt and innovate their cybersecurity measures to stay ahead of evolving risks.

Kevin Senator, CEO of Constella, said, “The 2024 Identity Breach Report reveals a pivotal shift in cybersecurity driven by AI and large data sets. As AI transforms attack methods and exposes more identities, organizations must adapt swiftly and strategically. This report emphasizes the need for innovation and advanced analytics to stay ahead in the evolving threat landscape.”

2024 Identity Breach Report Key Highlights:

• AI-Powered Phishing Scams Reach New Heights

The advent of AI tools like FraudGPT and WormGPT has transformed phishing tactics, making scams more personalized and convincing than ever. These technologies enable attackers to create hyper-targeted phishing campaigns that closely mimic trusted sources, significantly increasing the difficulty of detection.

• Unveiling the Geopolitical Face of Breaches

The cyber threat landscape now resembles Cold War-era geopolitics, with nation-state actors driving a dramatic increase in breaches. In 2023, Russian-linked breaches comprised six of the top ten compromised domains, highlighting the urgent need for accurate attribution and a global data approach. This perspective is essential for strengthening defenses, pinpointing bad actors, and effectively countering fraud.

• Infostealers Dominate the Threat Landscape

Infostealers, malware designed for extensive data theft, continue to escalate. The report highlights a sharp increase in infostealer activity, emphasizing their growing threat to corporate networks due to their ability to remotely exfiltrate sensitive information.

Additional insights uncovered in the report include:

• Surge in Plain Text Passwords: There has been a 100% increase in breaches involving plain text passwords, underscoring the need for enhanced real-time alerts and password management strategies to prevent identity theft.

• Dramatic Increase in Total Breaches: The number of reported breaches rose by over 52% from 2022 to 2023, driven by sophisticated ransomware attacks and the rise of Ransomware-as-a-Service (RaaS), which has lowered the barrier to entry for cybercriminals.

• Increase in Breaches Involving PII: There was a 39% increase in breaches involving Personally Identifiable Information (PII). Contributing factors include advanced attack techniques, the expansion of digital services and remote work, and vulnerabilities within supply chains.

The 2024 Identity Breach Report offers actionable insights for organizations seeking to bolster their cybersecurity defenses against these emerging threats. By leveraging AI and comprehensive data analysis, businesses can enhance their ability to identify and respond to cyber threats with greater precision.

To download a copy of the report, visit: https://constella.ai/2024-identity-breach-report/

About Constella:

Constella.ai is the global leader in AI-driven identity risk and deep and dark web intelligence for such applications as identity theft, insider risk, Know Your Employee (KYE), and deep OSINT investigations. With the world’s largest breach database, containing over one trillion data attributes in 125+ countries and over 53 languages, Constella empowers leading organizations across the globe to monitor and secure critical data through unparalleled visibility and actionable insights. Ready for a secure future? Reach out to Constella today and stay one step ahead of digital threats.

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Constella builds on proven KYE expertise with a new Advanced Know Your Business solution, offering comprehensive identity risk detection capabilities across internal and external domains

Constella Intelligence (“Constella”) proudly introduced its Advanced Know Your Business (KYB) solution, a pioneering leap in external identity risk management that builds upon its established Know Your Employee (KYE) capabilities. Constella’s Advanced KYB solution sets a new standard by effectively identifying synthetic, malicious, and fake identities, fraudulent activities, and high-risk behaviors, helping to fortify organizational defenses across supply chains and B2B transactions.

Constella’s approach is rooted in extensive expertise and proven results, including its active support in high-profile investigations such as Reuters’ scrutiny of North Korean synthetic identities and cases highlighted by renowned cybersecurity investigative journalist Brian Krebs. These collaborations underscore the critical need for robust identity risk management tools to detect and mitigate risks associated with fake identities and criminal activities.

Chris Kissel, IDC Research Vice President, Security & Trust said, “Constella’s innovative approach promises a new level of visibility into internal threats in an age where data security is paramount, helping to fortify organizational resilience and ensuring peace of mind for stakeholders at every level.”

Harnessing the Power of AI and 1 Trillion Identity Assets

Constella’s advanced Know Your Business solution leverages ID Fusion AI profiling technology and taps into the world’s largest data lake comprising over 1 trillion recaptured assets from the surface, deep, and dark web. This comprehensive approach enables organizations to now identify synthetic identities, fraudulent activities, and other high-risk behaviors with unprecedented accuracy and depth, strengthening their defense against evolving threats across supply chains and from B2B transactions.

Comprehensive Identity Risk Detection Capabilities

With Advanced KYE and Advanced KYB, Constella’s comprehensive approach addresses a wide range of identity risks:

• Advanced KYB: External Identity Risk Detection

Ensure the authenticity and integrity of external relationships, such as supply chain partners and B2B customers and entities, by uncovering synthetic and fake identities as well as risky or criminal activities that may jeopardize organizational security.

• Advanced KYE: Internal Identity Risk Detection

Continuously monitor for and address potential threats stemming from synthetic or fake identities as well as fraudulent or malicious activities within internal networks, bolstering organizational security and resilience.

Kevin Senator, CEO at Constella, emphasized the strategic importance of this comprehensive offering, stating, “Constella’s Advanced KYB solution represents a significant expansion of our capabilities, reinforcing our commitment to providing organizations with the tools they need to navigate the evolving threat landscape.”

To learn more about Constella’s innovative solution, visit: https://constella.ai/id-risk-detection/

About Constella:

Constella.ai is the global leader in AI-driven identity risk and deep and dark web intelligence for such applications as identity theft, insider risk, Know Your Employee (KYE), and deep OSINT investigations. With the world’s largest breach database, containing over one trillion data attributes in 125+ countries and over 53 languages, Constella empowers leading organizations across the globe to monitor and secure critical data through unparalleled visibility and actionable insights. Ready for a secure future? Reach out to Constella today and stay one step ahead of digital threats.

Read full press release – https://www.prweb.com/releases/constella-intelligence-unveils-advanced-know-your-business-solution-revolutionizing-external-identity-risk-management-302178322.html

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Groundbreaking Advanced KYE Solution Empowers Organizations to Uncover Synthetic and Fake Identities and Manage Internal Identity Risks with Precision and Confidence

[LOS ALTOS, Calif., June 4, 2024] – In response to the urgent need for advanced internal identity risk and threat management, Constella Intelligence (“Constella”) proudly announced its groundbreaking Advanced Know Your Employee (KYE) solution. In an era marked by complex remote work arrangements and sophisticated cybercrime and fraud, Constella’s innovative solution promises unparalleled visibility into internal risks and threats, setting a new standard for safeguarding organizations.

Harnessing the Power of AI and 1 Trillion Identity Assets

Constella’s Advanced KYE solution revolutionizes internal vetting and verification by combining it’s cutting-edge ID Fusion AI profiling engine with the world’s most extensive data lake comprising over 1 trillion recaptured assets sourced from the surface, deep, and dark web. With this groundbreaking solution, organizations can now identify synthetic identities and other internal identity risks with unprecedented accuracy and depth.

“In the wake of escalating cyber threats and the rapid shift to remote work, Constella’s Advanced KYE solution emerges as a critical response to the heightened demand for robust internal identity risk management,” said Chris Kissel, IDC Research Vice President, Security & Trust. “Constella’s innovative approach promises a new level of visibility into internal threats in an age where data security is paramount, helping to fortify organizational resilience and ensuring peace of mind for stakeholders at every level.”

Designed to empower organizations with proactive risk mitigation strategies, Constella’s Advanced KYE solution offers unmatched capabilities:

• Insider Monitoring: Identify and address potential threats arising from fraudulent or criminal activity through continuous, comprehensive scanning.
• Contractor and Portfolio Monitoring: Safeguard investments and supply chain integrity with ongoing insights into contractor activities.
• Fraudulent Employee Provisioning: Enhance traditional background checks by uncovering potential risk factors inaccessible through public and credit data alone.

Unrivaled Detection Capabilities

For the financial sector and other industries where regulatory compliance and data security are paramount, Constella’s Advanced KYE solution delivers critical advantages:

Synthetic and Fake Identity Detection: Leveraging Constella’s proprietary ID Fusion engine, uncover synthetic and fake identities crafted to deceive and exploit organizations.

Insider Threat Digital Monitoring: Detect and mitigate risky activities perpetrated by millions of digital fraudsters, including hackers, information sellers, and money launderers.

“Constella’s Advanced KYE represents a paradigm shift in internal identity risk management,” said Kevin Senator, CEO at Constella. “Amid today’s complex and ever-evolving cyber threat landscape, Constella remains committed to equipping organizations with the cutting-edge tools they need to fortify their digital assets and combat internal threats with precision and confidence.”

Constella’s Advanced KYE solution provides actionable data insights, including Synthetic & Fake Identity Scoring and Malicious Risk Scoring, enabling informed decision-making and proactive risk mitigation strategies.

To learn more about Constella’s innovative Advanced KYE solution, visit: https://constella.ai/advanced-know-your-employee-kye-solution/

About Constella:

Constella.ai is the global leader in AI-driven identity risk and deep and dark web intelligence for such applications as identity theft, insider risk, Know Your Employee (KYE), and deep OSINT investigations. With the world’s largest breach database, containing over one trillion data attributes in 125+ countries and over 53 languages, Constella empowers leading organizations across the globe to monitor and secure critical data through unparalleled visibility and actionable insights. Ready for a secure future? Reach out to Constella today and stay one step ahead of digital threats.

Full press release – https://www.prweb.com/releases/constella-introduces-advanced-know-your-employee-kye-solution-redefining-internal-identity-risk-management-302162989.html