Majority of Respondents now View Identity Management as Path Forward
AUSTIN, May 16, 2017 – SailPoint, the leader in enterprise identity management, today announced the results of its 9th annual Market Pulse Survey which explores how enterprises are changing their approach to security, amid an evolving threat landscape that sees almost daily announcements of data breaches, including some of the largest ever recorded. This years’ Market Pulse Survey found that of the 67 percent who reported being breached in 2016, the average material impact to the business was $4 million. The survey also found that 51 percent of companies suffered two or more breaches in the last twelve months. And unfortunately, 3 in 5 expect to be breached in 2017, with 33 percent believing they won’t even know they were breached when it happens. As a result, survey respondents are focused on mitigating their exposure points as an organization – with the majority (87 percent) seeing identity management as a foundation of their security strategy.
The SailPoint Market Pulse Survey provides a global benchmark into how IT decision-makers are navigating today’s compliance and security challenges. The company commissioned independent research firm Vanson Bourne to interview 600 senior IT decision-makers at organizations with at least 1,000 employees across Australia, France, Germany, Italy, the United Kingdom and the United States.
The report did find some common areas of risk that organizations need to address:
“This year’s Market Pulse Survey highlights that the conversation is clearly changing as organizations consider how to mitigate their risk – or minimize their exposure when a breach happens,” said Juliette Rizkallah, Chief Marketing Officer for SailPoint. “This is a positive change, as fostering open conversations and best practices will only benefit these organizations when they find themselves in the unfortunate position of being breached. The common areas of exposure can be addressed, but many organizations are struggling with how or even where to start. This report provides a clear roadmap for them to get their house in order.”
At the same time, the Market Pulse Survey reveals that IT decision-makers now view identity as the center of their security program. In fact:
“There is a silver lining to our report. It’s clear that now more than ever before, organizations better understand what – and where – their risks are, and that identity management can help address those risks. Identity provides that ability to put the detective and preventive controls in place to address all of these exposure points, while automating many identity-related processes to ensure that only the right people have the right access to applications and data at the right time,” continued Juliette Rizkallah. “By putting identity at the center of security and IT operations, these organizations can move their IT teams out of full-time firefighting mode, freeing them up to focus on enabling the business to move forward, confidently and securely.”
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SailPoint: The Power of Identity™
SailPoint, the leader in enterprise identity management, brings the Power of Identity to customers around the world. SailPoint’s open identity platform gives organizations the power to enter new markets, scale their workforces, embrace new technologies, innovate faster and compete on a global basis. As both an industry pioneer and market leader in identity governance, SailPoint delivers security, operational efficiency and compliance to enterprises with complex IT environments. SailPoint’s customers are among the world’s largest companies in virtually every industry, including: 9 of the top banks, 7 of the top retail brands, 6 of the top healthcare providers, 6 of the top property and casualty insurance providers, and 6 of the top pharmaceutical companies.
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Jessica Sutera, 978-278-5411