Regardless of exactly how data breaches occur, the culprit is almost always weak or stolen passwords. According to the Verizon 2017 Data Breach Investigations Report, they account for 81% of all breaches.
The result of this, according to a new IDG survey sponsored by Okta, is that 74% of IT and security leaders have flagged identity and access management (IAM) as a top priority. However, only 30% of those surveyed reported a good or better ability to detect when passwords have been compromised.
The survey confirms that organizations are largely unprepared for data breaches. In the next 12 months, nearly half of those companies surveyed stated that they plan to implement a new IAM solution or replace their current solutions. That’s a step in the right direction.