Digital identity is a significant asset, so organizations must guard it by taking every possible measure. IT professionals are responsible for monitoring vulnerability threats related to it. In this article at Forbes, Louis Columbus unveils a comprehensive analysis of the present state of identity security in the IT industry.
Myriad of Solutions
According to recent research by the Identity Defined Security Alliance (IDSA), cyber breaches are omnipresent for the past two years. Most enterprises consider preventing them through identity access management (IAM), staff awareness, and improved team collaboration and integrated solutions. So, be wary of the current state of identity security:
Only 26 percent of organizations are ready to counter identity breaches. The IDSA research unveils how difficult it is for IT leaders to ensure human and business data security. The rest 70 percent are efficient in avoiding an identity breach.
Cybersecurity and IT leaders can avert the breaches, but they cannot cease AI, machine, or IoT-derived attempts. With IAM, you can incorporate software applications to monitor, alarm, and prevent discrepancies. Both identity access management and privileged access management are efficient in decreasing threat actors’ ability to grow by exploiting machine or IoT-based operations.
According to an IBM 2020 Cost of a Data Breach report, an organization usually takes 206 days to initially identify the breach and a further 73 days to overcome it. Some efficiently identify and address breaches in less than 200 days but it cost them about $1.23 million. Thus, you must take serious measures to stop it by covering all vulnerabilities to control the budget.
Phishing attacks and login credentials are the ongoing trends of identity breaches. About 667 percent rise in spear-phishing attacks has been observed in the initial phase of the pandemic. Microsoft has countered billions of attempts in the year 2020. According to a recent Forrester’s analysis, almost 80 percent of data breaches happened through legitimate credentials. Employing an identity-centric strategy to thwart data risks is a vital need for businesses. Be wary of ongoing threats and maintain cyber hygiene by adopting secured methods.
Click on the following link to read the original article: https://www.forbes.com/sites/louiscolumbus/2020/09/06/the-state-of-identity-security-2020/?sh=37b0177b3f36