"89% Of Organizations Have Been Hit by an Identity-Based Attack in the Past Year"

In 2022, identity-based attacks struck every industry and the top companies, and these attacks are not expected to slow down. A recent analysis from One Identity, based on a survey of more than 1,000 Information Technology (IT) security professionals, supports this, indicating that 89 percent of enterprises have been the target of an identity-based attack during the past 12 months. This increase in identity-based attacks is prompting enterprises to reevaluate their defenses, as 80 percent believe that improved identity management systems could have mitigated the impact of many of these attacks. Since the beginning of identity management systems, businesses have been compelled to implement a multitude of access management solutions. However, over the past six decades of identity management, this process has remained the same, and businesses continue to use various siloed solutions. Currently, 96 percent of organizations use several identification solutions, with 46 percent installing at least 25 distinct systems. More does not always equate to better security. Seventy percent of firms spend money on tools they are not even using. Furthermore, the inefficiencies caused by the usage of several technologies cost 42 percent of businesses over $100,000 annually. In response to these expenses, more than half (51 percent) of businesses plan to consolidate their identity security technologies within the next year. Forty-eight percent feel that consolidation will eliminate the time-consuming and costly process of managing multiple identification systems, while 37 percent say it will make it easier to react to the constantly shifting threat landscape. This article continues to discuss identity-based attacks and key findings from One Identity's survey of IT security professionals on the challenges fragmented identity tools create for organizations' security posture. 

VB reports "89% Of Organizations Have Been Hit by an Identity-Based Attack in the Past Year"