Don’t let the convenience of one-click logins provide a false sense of security
Single Sign-On (SSO) makes life easier, right? One login gives you access to all your applications. But there’s a catch. All it takes is one hacker to breach one login and they get the keys to all your organization’s real estate apps. That’s why layered security is a crucial component of cybersecurity risk management strategies that protect organizations.
The Power of One
Imagine a hacker got your SSO login. They could access a whole list of sensitive information, including your membership roster, showing information, transaction management financial documents, and client information in CRM systems. In fact, they can easily find everything needed to commit real estate wire fraud, which makes cybersecurity vulnerability a tremendous financial risk.
A single breached login means a massive data breach. Your member roster alone could be used for a phishing attack. According to Verizon’s 2023 Data Breach Investigations Report, 49% of cyberattacks involve stolen credentials.
Strengthening Organizational Security Through Authentication
To fight back, real estate professionals need strong defenses. Those defense systems begin with rock-solid authentication that is complex to decipher. Use tough passwords and don’t forget multifactor authentication (MFA). For an extra layer of protection that ensures access for only authorized users, be sure to activate MFA for Clareity SafeMLS® Plus.
Manage Risk by Limiting Access
Diversification is often the key to commercial success, and the same approach holds true for cybersecurity. Implement role-based access control for different user types such as staff, agents, and appraisers. That way, even if a login is compromised, the damage is limited to what that person’s role can access.
Keep an Eye Out to Protect Your Real Estate Data
Stay vigilant by monitoring user activity in real time. Look for unusual signs like attempts to log in from strange locations. Spotting suspicious activity early can save you from a nightmare later. Tools like Clareity SafeMLS Plus offer real-time monitoring and anomaly detection to keep your SSO dashboard safe.
Educate Your Staff and Subscribers on Cybersecurity
Humans make mistakes, so train your team and your users to spot threats. Include ongoing training as part of your cybersecurity plan. According to Verizon’s 2023 Data Breach Investigations Report, 74% of cybersecurity breaches are due to human error. However, humans are also your first line of defense. Teach the people who use your systems about phishing, strong passwords, and the importance of safeguarding SSO credentials.
SSO dashboards are convenient, but we can’t ignore the risks associated with ease. A single breached login could be catastrophic. Therefore, it is important to prioritize front-end security, strengthen authentication, monitor user activity, limit access, and educate your team.
To help you and your organization protect applications from authorized access, consider using Clareity Assure from CoreLogic for authenticating users and managing risk.
Return to our Cybersecurity Awareness Month site.