While companies still struggle to explain the business value of identity security, studies show that companies that have adopted AI/ML see up to 30% faster security progress.

Sailpoint Technology Holdings, an enterprise identity security company, released a report titled “The Horizons of Identity,” which analyzes the current state of identity security in global companies on the 24th. This report, published in collaboration with global professional services company Accenture, was written based on the insights of over 375 executives from global cybersecurity companies in the Americas, Europe, and Asia, and contains the results of analyzing the current and future of the identity security market.

Sailpoint argued that data breaches can only be prevented with a robust identity management program, which respondents cited as the most common security flaw, preventing malicious actors from infiltrating internal systems, and of course limiting employees from having excessive access privileges.

According to reports, 90% of cybersecurity breaches are identity-related. While cybersecurity is a top priority for enterprises, the Business Value of Identity Security report found that 44% of enterprises worldwide are still at the basic level of identity security, and even mature enterprises have less than 70% of their identities protected by basic identity governance across their entire organization.

The identity security ecosystem is becoming increasingly complex and a favorite target for cyber attackers. According to the report, on average, more than 30% of identities within an organization are outside the scope of existing identity solutions, with outsourced and partner identities, machine identities, and data being the most vulnerable. “This suggests the need to build a business case that fits strategic priorities and a value-driven approach to operating to strengthen identity security,” Sailpoint said.

The results showed that organizations can accelerate their identity security establishment progress by up to 30% by rapidly integrating identities, applications, applications, data, and infrastructure, explaining that a powerful identity security solution can enhance business flexibility and innovation, mitigate risk, and improve efficiency.

In particular, AI-based solutions are very effective in improving companies' security capabilities and the speed of introducing security systems, and many companies are already utilizing AI-based dynamic trust models. In particular, companies that utilize SaaS, AI, and automation have a 10-30% faster adoption rate than companies that do not, and as security capabilities improve, they are creating more value from security investments. Specifically, it was revealed that companies that leverage identity platforms based on automation and AI technology can grow their identity-related capabilities 37% faster than those that do not.

“The majority of organizations in Asia Pacific are still at a rudimentary stage in their identity security strategies,” said Mr. Ji-Seong Kwon, Country Manager of Salespoint Korea. “As digital identities proliferate and threat exposure expands, organizations in the Asia Pacific region must focus on accelerating their identity maturity and implementing robust identity security programs to prevent data breaches, improve efficiency, and deliver business value.” “As identity-related threats increase, security teams across all industries must automate access control by introducing AI-based solutions to address the threat of unauthorized access.”

“Enterprises are facing unprecedented challenges managing complex identity environments and massive data sets,” said Damon McDougald, Accenture’s global security digital identity lead. “Advanced technologies such as artificial intelligence and generative AI are enabling them to more quickly manage and scale identity security initiatives, but many organizations are still just getting started. Companies should use this as an opportunity to improve their identity maturity and build a foundation for secure digital transformation.”