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A new global report from cybersecurity firm CyberArk reveals that the combination of challenging economic conditions and rapid technological innovation, including the rise of artificial intelligence (AI), is expanding the landscape of identity-driven cybersecurity threats.
The CyberArk 2023 Identity Security Threat Landscape Report, commissioned by CyberArk and conducted by market research firm Vanson Bourne, surveyed 2,300 cybersecurity decision makers in private and public sector organizations with 500 employees and more in 16 countries. It found that nearly all organizations – 99.9% – expect an identity-related compromise this year, due to factors such as economic austerity, geopolitical concerns, cloud adoption and hybrid working.
AI-assisted threats are a major concern, with 93% of security professionals surveyed expecting such threats to hit their organization by 2023. AI-powered malware was cited as the biggest concern.
68% of organizations expect cybersecurity problems caused by employee turnover by 2023.
As companies continue to invest in digital and cloud initiatives to unlock efficiencies and drive innovation, cybersecurity is increasingly at risk.
The report also reveals that organizations plan to deploy 68% more Software as a Service (SaaS) tools in the next 12 months. Since a large proportion of human and machine identities access sensitive data through these tools, if not properly secured, they can become gateways for attacks.
89% of organizations have experienced ransomware attacks in the past year, with 60% of affected organizations reporting multiple payments to recover from these attacks.
The energy, oil and gas sector appears to be particularly vulnerable, with 67% of companies in this sector expecting to be unable to stop or even detect an attack from their software supply chain.
Critical parts of the IT environment are not sufficiently protected and certain identity types pose a significant risk. For example, 63% of respondents said that the access of employees with the highest sensitivity is not sufficiently secured.
