Identity Security Issues

Identity security is a significant concern for organizations, particularly in today's digital age. Cybercriminals are constantly devising new and sophisticated ways to steal sensitive data, such as usernames, passwords, and other personal information, which can lead to identity theft, financial fraud, and other security breaches.

The findings of a global survey that explores trends in Identity Security adoption and the relative maturity of organizations embarking on related strategies results show that only 9% of organizations are taking an agile, holistic and mature approach to securing identities throughout their hybrid and multi-cloud environments. The report features an Identity Security maturity model to help cybersecurity leaders assess their current strategies, uncover risks and take steps to strengthen cyber resilience, as per the report of CyberArk.

Experts Recognize Identity Security as Critical Path for Cyber Resilience

· Strategy and Outcome Gap: 60% of Indian respondents believe they are making correct Identity Security-related decisions. The gap highlights the perception that overall security can be achieved by making the right technology investments. But that is only part of the story. Strategically maximizing those investments to include implementation and integration with existing environments, breaking down silos and improved training are equally important.

· Disparate Endpoint Data: 98% of Indian respondents believe that endpoint security or device trust and identity management are essential to a robust Zero Trust strategy, and 47% believe the ability to correlate data is critical for effectively securing endpoints.

· Fragmented Efforts: 58% of organizations globally have two teams responsible for securing identities in the cloud and on-premises and rely on numerous point solutions, making it difficult to understand their real-time security posture.

This research uncovers the relationship between a strong Identity Security strategy and enhanced business outcomes. More frequent and timely maturity assessments can help ensure the right users have access to the right data, and that organizations can act quickly enough to stop threats before they stop business. While 98% of organizations in India admit to being a victim of identity-based attacks, this percentage is likely much higher as adversaries continue to successfully target and compromise identities at scale.

To mitigate these risks, organizations must implement robust identity security policies, regularly train employees on best security practices, and leverage advanced security technologies such as multi-factor authentication, encryption, and access controls.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA