Enterprises waste cash on id instruments they do not use | Tech Verse

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Misguided enterprise funding in a number of id instruments is proving inadequate to defend in opposition to at this time’s menace panorama, based on One Id.

96% of firms report utilizing a number of id administration instruments, and 41% implement at the least 25 totally different programs to handle entry rights. Nonetheless, 70% of firms reported that they’re paying for id instruments that they don’t actively use. This funding in a number of disparate id instruments is having a direct influence in your total safety posture.

Companies have acquired a number of id instruments to take care of the rise of digital identities (or digital profiles that entry enterprise knowledge and purposes), creating id sprawl that weakens their cybersecurity postures. 52% of firms handle greater than 10,000 identities, together with entry rights granted to staff, units, machines, digital identities, and clients.

“Legacy approaches to id and entry administration have prompted organizations to undertake a number of id options, and the shortage of interoperability between these instruments has a direct safety and enterprise influence,” mentioned Mark Logan, CEO of One Id.

He added: “Our analysis reveals that organizations see the unfavourable influence that a number of fragmented id instruments have on their enterprise. By shifting the mindset of safety professionals from a disparate tool-based strategy to a platform strategy, enterprises can enhance their id safety defenses to guard in opposition to the fashionable menace panorama.”

Amongst different key survey findings:

The necessity to strengthen identity-based defenses is important. 9 out of 10 organizations have been affected by an identity-based assault up to now yr, and practically 70% of firms have skilled a phishing assault. In response to 80% of respondents, higher id administration instruments may have prevented the influence of many of those assaults.

Primarily all firms (99%) report that id instrument inefficiencies have a direct value to their enterprise.. In reality, 42% of firms report that these inefficiencies are costing companies greater than $100,000 per yr.

Implementation of a number of id administration instruments impacts safety posture and reduces productiveness. Contemplate that for these with a number of instruments:

  • 44% reported elevated threat as a consequence of potential gaps in protection
  • 46% reported that IT directors spend an excessive amount of time managing redundancies.
  • 46% reported that IT admins handle too many instruments to get deep expertise in any one in every of them.
  • 41% report that IT staff productiveness is decrease as a result of they must be taught comparable duties throughout a number of programs

The excellent news is that companies need to enhance their id safety, with an amazing 90% of companies surveyed planning to consolidate their safety or id administration instruments. Of that 90%, greater than half plan to take action within the subsequent yr. Greater than half (54%) of respondents additionally imagine {that a} unified id platform for id entry and administration would profit their group’s id administration technique.

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Enterprises waste money on identity tools they don’t use