WinMagic Exposes the Wrong Identity Tax: Why Cybersecurity Costs Rise While Security Fails
WinMagic Exposes the Wrong Identity Tax: Why Cybersecurity Costs Rise While Security Fails
Publish Date: 2026-04-27 08:34:00
Source Domain: www.prnewswire.com
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.
TORONTO, April 27, 2026 /PRNewswire/ — 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.
“Passkeys improve how we log in, but they do not fix what identity actually is. The problem is not just what happens after login. The problem starts at login itself. If you verify the wrong identity at the beginning, everything that follows is built on that mistake.” – Thi Nguyen-Huu, founder and Chief Executive Officer of WinMagic
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.
“Organizations are not paying for stronger security. They are paying a recurring penalty for securing the wrong identity,” said Thi Nguyen-Huu, founder and Chief Executive Officer of WinMagic. “A cost of doing business implies you…
