Identity and Access Management (IAM) Statistics

Identity and Access Management (IAM) Statistics 2023: Facts about Identity and Access Management (IAM) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Identity and Access Management (IAM), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Identity and Access Management (IAM) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 35 Identity And Access Management (Iam) Statistics on this page 🙂

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Identity And Access Management (IAM) “Latest” Statistics

• In 60% of medium-sized companies, a hack affected 250-5000 employees who requested remote work from their coworkers. 56% had the theft of their credentials, and 48% had social engineering incidents like phishing.^[1]
• Credentials are taken using social engineering or attacked using brute force in 61% of all incidents.^[1]
• According to 71% of firms with a data breach, better security awareness training for users may have stopped the intrusion.^[1]
• Since they started working from home, 73% of employees have gotten no cybersecurity awareness training from their company.^[1]
• Attack protection is the main reason people employ passwordless MFA, with 91% of firms stating that it is crucial to avoid credential theft and phishing attempts.^[1]
• 99% of respondents to the IDSA who had experienced an identity-related breach believed such attacks could be avoided.^[1]
• 79% of firms have had a data breach in the last two years, accounting for 94% of all breaches.^[1]
• A cybersecurity insiders poll found that when enterprises are considering investing in an IAM solution, ease of integration ranks first (72%), followed by end-user experience (62%) and product performance and effectiveness (61%).^[1]
• 50% of firms do not have a policy on the security needs of their remote employees despite the hazards provided by remote and hybrid work.^[1]
• Customer records are seen to be the most susceptible sort of data in the age of remote work, according to a further study on data breaches, which also revealed that 55% of firms are concerned about safeguarding customer records from cyberattacks.^[1]
• According to another study, 44% of security experts think their present security holes will be filled by an identity and access management solution.^[1]
• Only 34% of companies with an innovative security culture reported an identity-related breach last year.^[1]
• Interestingly, user experience follows this and is cited by 64% of enterprises as a factor in the importance of passwordless MFA.^[1]
• 25% of cybercrime victims in the U.S. and UK are managers or company owners, and 34% of identity-related breaches in the last two years included the compromise of privileged user accounts should not come as a surprise.^[1]
• Only 35% of those who mandate worker authentication also mandate multifactor authentication.^[1]
• Currently, firms use 51 business critical apps on average, and 56% of them may be accessed using mobile devices.^[1]
• Only 38% of businesses utilize MFA to protect their privileged accounts, and 49% of businesses have at least one person with access rights above what is necessary to perform their duties.^[1]
• Access to crucial company systems has expanded thanks to remote working by 59% during the last year.^[1]
• Hackers took advantage of the uncertainty caused by the pandemic to increase the number of reported occurrences of Trickbot during the first half of 2020, accounting for 47% of all reported incidents worldwide in Q1.^[1]
• In a recent poll by the Center for Strategic & International Studies, over 80% of employers bemoaned the talent gap and said it had a direct negative impact on their businesses.^[2]
• Identities and access management report analyses claim that automated solutions may save a company’s costs by over 17%.^[2]
• In 2021, the industry’s value might climb by around 15% and more than 65% over the following five years.^[2]
• In a JumpCloud-sponsored poll, 77% of firms aim to raise investments, while 97% plan to maintain current expenditure levels.^[2]
• Over 70% believe that operational effectiveness should not take precedence over security.^[2]
• Over 40% of the CEOs polled by Gilligan anticipate that at least half of their staff members will continue to work from home in more typical conditions.^[2]
• At least 43% of business owners are looking for novel technologies to boost automation.^[2]
• 47% of business owners want innovative solutions to guard against data intrusions.^[2]
• Approximately 90% of the firms questioned the use of access control as part of their overall risk management plan.^[2]
• Only 21% of firms have multifactor authentication for privileged administrative access, while only 48% have password vaults.^[3]
• According to Privileged Access Management in the Modern Threatscape, privileged credential misuse is the starting point for 74% of data breaches.^[3]
• Data breaches impact almost 90% of financial organizations, and 60% of those incidents include identity theft.^[4]
• The Asia Pacific market is expected to increase by over 15% by 2025 because of increasing business digitalization and the quick uptake of cutting-edge technologies like IoT and cloud computing.^[4]
• The cloud-based identity access management market is predicted to expand at a CAGR of over 16% throughout the forecast period because of its many advantages, including economies of scale, the absence of the need for hardware deployment, lower costs, and easier administration.^[4]
• Identity and access management’s market share is expected to grow at a 10% CAGR from 2019 to 2025.^[4]
• Getting rid of weak passwords, stolen default, or weak passwords is to blame for more than 80% of data breaches.^[5]

Also Read

How Useful is Identity and Access Management Iam

IAM systems play a critical role in ensuring that only authorized individuals have access to the organization’s assets, such as data, applications, and systems. By defining roles and privileges for each user within the system, IAM helps in preventing unauthorized access and reduces the risk of data breaches.

One of the key benefits of IAM is its ability to streamline and centralize the process of managing user identities across an enterprise. Instead of maintaining separate credentials for multiple applications, IAM allows users to have a single sign-on (SSO) experience, simplifying the login process and improving user experience. This not only enhances security but also boosts productivity by reducing the time spent on managing passwords.

IAM also enables organizations to enforce strong authentication methods, such as multi-factor authentication (MFA), to add an extra layer of security and prevent unauthorized access. By requiring users to provide multiple pieces of evidence to verify their identity, IAM systems make it more difficult for malicious actors to compromise user accounts.

Furthermore, IAM facilitates the automation of user provisioning and deprovisioning processes, ensuring that users have access to the resources they need when they need them and removing access promptly when they no longer require it. This not only streamlines administrative tasks but also helps in reducing the risk of insider threats.

Additionally, IAM offers granular access control capabilities, allowing organizations to define specific access rights for different users based on their roles within the organization. This helps in minimizing the risk of data leakage and ensures that sensitive information is only accessible to authorized individuals.

IAM systems also provide detailed audit trails and logs, allowing organizations to monitor and track user activities within their IT environments. This helps in identifying any suspicious behavior or potential security incidents promptly and taking appropriate action to mitigate the risk.

While IAM offers a wide range of benefits, it is essential for organizations to implement IAM solutions that are tailored to their specific needs and requirements. A one-size-fits-all approach may not be effective, as different organizations may have different security challenges and compliance requirements. It is crucial for organizations to conduct a thorough assessment of their environment and identify the IAM solutions that best fit their unique needs.

In conclusion, IAM plays a vital role in enhancing the overall security posture of organizations by effectively managing identities and controlling access to sensitive information. By leveraging IAM solutions, organizations can significantly reduce the risk of data breaches, improve user productivity, and ensure compliance with regulatory requirements.

Reference

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1. expertinsights – https://expertinsights.com/insights/50-identity-and-access-security-stats-you-should-know/
2. identitymanagementinstitute – https://identitymanagementinstitute.org/identity-and-access-management-market-report-2021-and-beyond/
3. forbes – https://www.forbes.com/sites/louiscolumbus/2019/03/30/5-things-every-executive-needs-to-know-about-identity-and-access-management/
4. gminsights – https://www.gminsights.com/industry-analysis/identity-and-access-management-market
5. imperva – https://www.imperva.com/learn/data-security/iam-identity-and-access-management/