COVID-19 has changed the rules for enterprise security, as it has forced a move to work-from-home (WFH) environments for many companies. And this will last beyond the immediate future into the post-pandemic economy. According to a Gartner survey, 74% of CFOs see WFH as an ongoing strategy, even after the pandemic abates, and intend to transition some employees to remote work permanently.
Infosec teams must address new threats and challenges originating from remote workers, making the need for better Identity Governance and Administration (IGA) more acute. In the past two years, 79% of organizations have suffered identity-related breaches. The cost of a breach to an organization is significant. The Verizon data breach a few years ago cost the company approximately $152 per individual record. The average cost per breach is $3.86 million, which does not even involve loss of brand value. Moreover, WFH can bring more phishing attacks. WFH employees may also introduce unauthorized software and devices that pose security threats.