WinMagic exposes the “Wrong Identity Tax,” where organizations invest heavily in identity security that still fails to protect online access. The company introduces an endpoint-driven approach that removes reliance on login events and closes the gaps attacker’s exploit.
WinMagic exposes a growing contradiction at the center of cybersecurity: organizations are spending billions on identity security, yet identity remains the primary attack vector. As breach costs continue to climb, particularly in the United States where the average incident now reaches $10.22 million, more than double the global average of $4.44 million, the gap between investment and outcome is widening.
WinMagic, a cybersecurity innovator known for endpoint-based authentication and encryption, is calling this gap the “Wrong Identity Tax,” the cumulative cost organizations pay to secure credentials, tokens, and sessions instead of the real identity.