A recent report conducted by Osterman Research, commissioned by Silverfort, has raised alarms about the glaring gaps in protecting against identity threats.
Surveying 637 identity security professionals, the report revealed that a whopping 83% of organizations have experienced an identity-related data breach involving compromised credentials. Despite this, a mere fraction of these organizations have the capability to effectively prevent such cybersecurity attacks.
The study unveiled that only 7% of the surveyed organizations have deployed comprehensive multi-factor authentication (MFA) and privileged access management (PAM) solutions. This is a concerning statistic, as these systems are crucial in safeguarding digital identities and preventing unauthorized access.
Service accounts, often seen as lucrative targets by cyber attackers, are another area of vulnerability. The report shows that only 9% of organizations have adequate visibility and control over these accounts.
The study further highlighted that a meager 6% of organizations are confident in their ability to thwart initial access or lateral movement using compromised credentials. This suggests a severe lack of robust cybersecurity measures in most organizations.
The findings from the Osterman Research report make it clear – organizations are alarmingly vulnerable to account takeovers, lateral movement, and the spread of ransomware due to insufficient identity threat protection. The need for comprehensive solutions that can detect and block malicious access in real-time across all resources and account types has never been more critical.
With the rise in cyber threats, it’s vital for organizations to turn these statistics around. By prioritizing identity threat protection and implementing comprehensive solutions, they can significantly reduce their vulnerability and ensure the security of their digital landscape.