Almost daily, we’re flooded with news of yet another major cybersecurity incident or data breach—from the National Public Data Breach to the recent Moneygram hack. Moneygram’s breach is reportedly the result of social engineering, in which an employee was impersonated when seeking technical support from their IT support desk. Workforce attacks are becoming more common—and hackers are no longer targeting just passwords; they are exploiting human vulnerabilities to gain unauthorized access to systems.

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With global cybercrime expected to reach $10.5 trillion annually by 2025 and 82% including a human element, it’s obvious that conventional methods—like passwords, multi-factor authentication (MFA), and device-based verification—are no longer enough, and no industry is immune. From financial services, to healthcare and travel, major breaches have continued to expose the vulnerabilities in workforce access management and identify the need for secure identity and access management (IAM) systems.

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Financial Services: Safeguarding Sensitive Data in a High-Risk Industry

Financial institutions safeguard not only money but also vast amounts of sensitive personal information, making them susceptible to risk. As personal identifiable information (PII) from breaches continues to flood the dark web, fraudsters are increasingly targeting banks and financial institutions to take over accounts and siphon large sums of money from consumers. By impersonating individuals using stolen and re-engineered data, these attackers are able to perpetrate payment fraud at an alarming rate, underscoring the need for financial identity verification controls in customer account access and payment transactions.

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Healthcare: Protecting Health Information with Biometric Verification

Healthcare organizations are another key target for cybercriminals. Most recently, hospitals and health systems are up against sophisticated social engineering schemes targeting IT help desks. The healthcare sector, historically lagging in technological innovation and automation, has become a prime target for bad actors exploiting weaknesses in security protocols. CLEAR Verified helps healthcare providers secure their employee and patient access systems by verifying the identity of the person attempting to access data, rather than just their device. This can prevent unauthorized access to sensitive medical records and reduce the burden on IT service desks. 

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Travel: Securing Employee and Guest Information Amidst Growing Threats

No industry is immune to these breaches, especially the travel industry, where hotels have been impacted by social engineering attacks. In 2023, both MGM and Caesars Entertainment were the targets of sophisticated hackers who tricked employees into providing access to internal systems. Companies need identity verification for businesses to bring to their workforce to protect employees from social engineering and impersonation and protect access to consumer data.

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CLEAR’s Solution: Verifying the Person Beyond the Device

A robust and comprehensive identity solution is required to combat sophisticated attacks. At CLEAR, we’re helping partners navigate emerging threats and the future of Identity Access Management (IAM) by verifying the person beyond the device. 

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CLEAR Verified’s new IAM integration helps enterprises enable a comprehensive identity solution directly within their existing tech stack. With this easy integration, you can verify the person beyond the device and: 

• Strengthened security
• Hassle-free deployment
• Seamless user experience

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Traditional identity verification methods are no longer sufficient in today’s landscape of sophisticated cyber threats leaving your workforce vulnerable—but with CLEAR, implementing solutions to protect your business and your workforce has never been easier.

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Ready to protect your workforce from the next breach? Contact us to learn more about how CLEAR can help.

P.S. Will you be at the Oktane conference? We’ll be there from October 15-17—stop by our booth to learn how CLEAR Verified can help your enterprise strengthen access management. We can’t wait to meet you!

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