According to new information from the non-profit Id Outlined Safety Alliance, the range of security breaches resulting from phishing or exploiting identities has reached epidemic proportions (IDSA). For its 2022 Developments in Securing Digital Identities report, the IDSA surveyed 500 US identity and security experts.
In the past year, 84 % of respondents reported having suffered an identity-related hack, with the clear majority (78 %) stating that it had a direct effect on the firm. Increased identity fraud in the corporate sector daily contributes to the issue.
When leaders prioritize identity security, risky behavior is reduced. 71 % of companies have executives who publicly address staff members about password security. In the light of that, risky security behaviors were acknowledged by 60% of IT/security stakeholders.
Having focused on the fundamentals and investments in security outcomes 97% will invest in identity-focused security results. MFA is a major area of interest, especially for employees and privileged users.
The report suggested a few basic steps businesses may take to enhance security outcomes of unauthorized access. When executives discuss corporate credentials, for instance, the survey found that 72% of respondents are more cautious with their work passwords than with using personal passwords.
However, it seems that businesses are making sense. Almost all respondents (97%) stated they intended to invest in "identification-focused security outcomes," and 94 % reported that identity investments are a part of strategic efforts, such as cloud adoption (62 %), the deployment of Zero Trust (51 %), and digital transformation activities (42% ).
According to the Anti-Phishing Working Group(APWG), phishing reached an all-time high in the first quarter of 2022.
