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REPORT: 89% OF ORGANIZATIONS HAVE BEEN HIT BY AN IDENTITY-BASED ATTACK IN THE
PAST YEAR

VB Staff
December 15, 2022 7:10 AM
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Identity-based attacks this year have hit every industry and top enterprises,
and there’s no sign of a slowdown. A new report from One Identity – based on a
survey of over 1,000 IT security professionals – confirms this, revealing 89% of
organizations have been hit by an identity-based attack in the past year.

This proliferation of identity-based attacks is causing organizations to take a
closer look at their defenses, as 80% believe that better identity management
tools could have lessened the impact of many such attacks. Since the inception
of identity management tools, companies have been forced to deploy numerous
solutions to manage each area of access.

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Internal threats that create external attack opportunities and how to combat
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Image source: One Identity.

Unfortunately, over the last 60 years of identity management, this process
hasn’t changed – and companies are still using multiple tools that are operating
in silos. Today, 96% of businesses are using multiple identity tools with 46%
deploying at least 25 different systems.

However, more doesn’t always mean better protection; in fact, 70% of
organizations are spending money on tools they’re not even using. What’s worse
is that the inefficiencies caused by using these multiple tools cost 42% of
companies over $100,000 per year.


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Due to these incurred costs, more than half (51%) of companies are planning to
consolidate their identity security tools over the next year. 48% believe
consolidation will eliminate the time-consuming and expense of managing multiple
identity solutions, while 37% believe it will make it easier to adapt to the
changing threat landscape.

Looking ahead to 2023, as the number of digital identities that businesses
manage continues to multiply – with 52% already managing over 10,000 identities
– enterprises will need to shift their security approach. More than half believe
that having a unified identity platform would greatly benefit their identity
management strategy.

Through this approach, companies can eliminate the lack of interoperability
between solutions to not only cut costs, but better protect against the barrage
of cyberattacks hitting their business.

Read the full report from One Identity.

VentureBeat's mission is to be a digital town square for technical
decision-makers to gain knowledge about transformative enterprise technology and
transact. Discover our Briefings.


Most Read
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3 Decentralized identity: The key to the digital era? (Sponsored)


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