The effect of data breaches was analyzed in a recent report by AppViewX and Forrester. The survey found that among organizations that have suffered data breaches more than half (58%) were caused by issues related to digital certificates. As a result of service outages, 57% said their organizations have incurred costs upwards of $100,000 USD per outage.
Fifty-three percent of respondents said they want to operationalize and fully automate their organization’s machine identity management (MIM) initiatives within the next one to two years.
Fifty-three percent of decision-makers highlighted the need to balance management of human and machine identities and vulnerabilities in an increasingly complex IT, edge and hybrid-cloud environments as a top driver of their organizations’ approach to MIM.
According to respondents, the top two drivers for implementing MIM were the desire to reduce the risk of data breaches (51%) and gain visibility over certificates and keys across emerging technologies (48%).
Read the full report here.