October 19, 2023 at 05:09PM
SailPoint Technologies, in collaboration with Accenture, released the findings from their annual research report, ‘The Horizons of Identity Security.’ The report revealed that 44% of companies are still in the early stages of their identity security journeys, and only 70% of identities in mature companies are covered by foundational governance capabilities. Limited executive sponsorship and budgetary constraints were identified as major obstacles to investment in identity security. However, the report also emphasized that a strong identity security program can bring numerous benefits, including business agility, innovation, risk mitigation, and efficiency gains. It can also accelerate organizational change by up to 30%. The report highlighted the increasing complexity of identity ecosystems and the need to bring third-party identities, machine identities, and data under a robust identity management program to avoid breaches. AI-based solutions were found to be effective accelerators for organizations, enabling advanced capabilities and greater agility. Organizations leveraging SaaS, AI, and automation scaled faster and got more value from their security investment. SailPoint is launching an adoption assessment tool to help organizations assess their capabilities and identify barriers to stronger identity security. The tool aims to improve business value by investing in identity security. SailPoint’s ‘Navigate: Identity Security Accelerated’ conference is scheduled to kick off in Austin, Texas, followed by global events in other cities. Organizations can access the 2023 Horizons of Identity Report and other resources on SailPoint’s website.
Key takeaways from the meeting:
1. Identity security is crucial for organizations, as 90% of cybersecurity breaches are identity-related.
2. The Horizons of Identity Security report suggests that 44% of companies are at the beginning of their identity journeys.
3. Even mature companies only cover less than 70% of the identities in their organizations through foundational governance capabilities.
4. Communicating the business value of identity security to executives is a challenge that needs to be addressed.
5. Limited executive sponsorship or focus and budgetary constraints are the primary obstacles to investment in identity security.
6. A strong identity security program can generate real value, including business agility, risk mitigation, efficiency gains, and advancement of tech initiatives.
7. Identity ecosystems are becoming more complex and are preferred attack vectors for threat actors.
8. AI-based solutions can accelerate the implementation of identity security programs and drive greater agility.
9. Organizations should explore AI-backed dynamic trust models and leverage SaaS, AI, and automation for improved identity security outcomes.
10. SailPoint is launching a new adoption assessment tool to help organizations assess their current capabilities and identify barriers to stronger identity security.
11. The Navigate: Identity Security Accelerated conference will be held in various locations globally.
12. SailPoint provides intelligent and integrated solutions for identity security, using artificial intelligence and machine learning to manage and secure identities in today’s cloud-oriented enterprise.