Most companies now recognize the serious and insidious nature of cybersecurity threats. But many fail to grasp that the digital transformation, remote work, automation, and cloud migration activities of the last few years have turbocharged the number of identities seeking access to data and critical business systems. This surge in identities has exponentially increased the likelihood of cyberattacks, undercutting the effectiveness of traditional identity and access management (IAM) paradigms.
In the modern enterprise, nearly every employee has multiple identities on the network and uses several devices to access business systems. According to the CyberArk 2022 Identity Security Threat Landscape Report, the average staff member accesses more than 30 applications and accounts, requiring them to remember and manage countless passwords and repeatedly authenticate themselves to systems and applications. These employees often collaborate with third-party partners who also access sensitive company data and assets to do their jobs. At the same time, machine identities outnumber human identities by a factor of 45:1, the CyberArk report found.
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