Less than half of businesses are adequately addressing the issue of identity security, despite the growing threat of identity-based attacks, according to a SailPoint survey of more than 300 global cybersecurity executives.
The survey also indicated that as enterprises increase their identity security maturity, they become better at using their security tools more efficiently.
Of the companies in the beginning stages of maturity, over a quarter said they allocated more than 15% of their cybersecurity budget to identity while 71% of more mature companies said they spend a smaller share of their budget but get more value.
Survey respondents are looking to tap into technologies like artificial intelligence (AI) and machine learning to boost their identity security capabilities, or plan to do so within the next two years. This investment is occurring as the total number of identities is projected to grow by 14% over the next three to five years, according to the survey.
Joseph Carson, chief security scientist and advisory CISO at Delinea, a provider of privileged access management (PAM) solutions, said one of the main challenges for organizations with regard to securing identities is that mobility and cloud environment identities are everywhere.
“The growth in mobility and the cloud greatly increases the complexity of securing identities,” he explained. “Therefore, organizations still attempt to try and secure them with the existing security technologies they already have. This results in many security gaps and limitations.”
He added that some organizations fall short by trying to ‘checkbox’ security identities with simple password managers.
“However, this still means relying on business users to make good security decisions,” Carson says.
Continue reading: https://securityboulevard.com/2022/10/businesses-look-to-ai-ml-to-boost-identity-security/
The survey also indicated that as enterprises increase their identity security maturity, they become better at using their security tools more efficiently.
Of the companies in the beginning stages of maturity, over a quarter said they allocated more than 15% of their cybersecurity budget to identity while 71% of more mature companies said they spend a smaller share of their budget but get more value.
Survey respondents are looking to tap into technologies like artificial intelligence (AI) and machine learning to boost their identity security capabilities, or plan to do so within the next two years. This investment is occurring as the total number of identities is projected to grow by 14% over the next three to five years, according to the survey.
Joseph Carson, chief security scientist and advisory CISO at Delinea, a provider of privileged access management (PAM) solutions, said one of the main challenges for organizations with regard to securing identities is that mobility and cloud environment identities are everywhere.
“The growth in mobility and the cloud greatly increases the complexity of securing identities,” he explained. “Therefore, organizations still attempt to try and secure them with the existing security technologies they already have. This results in many security gaps and limitations.”
He added that some organizations fall short by trying to ‘checkbox’ security identities with simple password managers.
“However, this still means relying on business users to make good security decisions,” Carson says.
Continue reading: https://securityboulevard.com/2022/10/businesses-look-to-ai-ml-to-boost-identity-security/
