This week, Facebook’s Single Sign-On (SSO) feature was hacked, resulting in 50 million accounts being exploited. In case you were wondering, SSO is an authentication process that allows a user to access multiple web applications with one set of login credentials. So not only is it supposed to be a productivity hack but it’s also supposed to be a level of security (so you don’t have passwords lying around on sticky notes). Facebook uses SSO and access tokens to allow users to stay logged into Facebook without having to re-enter passwords any time users comes back. Additionally, when users access other web applications that have integrations with Facebook, users can easily log into those accounts as well using the digital keys that Facebook has programmed. Although the ease of use has major upside for users who are consistently accessing these apps on a daily basis, the risk of getting hacked then allows cybercriminals to potentially access all of the users accounts.
Evolve MGA offers cyber insurance that covers policyholders in the event their cloud data is hacked, lost, or stolen. Get appointed with our cyber insurance specialists for a FREE Quote!