FEATURE
Katie Petrillo , Director of Product Marketing for LastPass
LastPass , a global leader in password management , has released the findings of an IDC Global Survey on Identity and Access Management by LastPass . The survey revealed that ‘ balancing company security requirements and the employee user experience ’ is the number one identity challenge , followed by ’ employees struggling with too many passwords ’.
As organisations continue to face the challenges of managing a higher volume of remote employees who need to access different tools and systems outside of a traditional office , leaders can no longer rely on pre-pandemic protocols , policies and infrastructures to keep online data secure . According to the survey , 83 % of the organisations who have suffered a security breach believe the breach resulted from a compromised password or identity compromise such as phishing , highlighting a greater need for organisations to adopt Identity and Access Management solutions that work with all employees , are capable of securing every credential in the company and promote the right security behaviours .
With employees continuing to struggle with having to remember upwards of 50 – 120 passwords , enabling a password manager creates a universal and userfriendly solution to allow employees to securely access the tools they need to effectively do their job . Adopting a password management solution puts the employee in control , helping to drive security awareness and transforming users into one of the strongest defences against potential security threats .
“ Identity and access controls are core components for addressing many future-of-work imperatives ,” said Mark Child , Research Manager at IDC . “ As the number of daily login events rises , the user experience increases in importance . Enterprise password management ( EPM ) addresses security requirements while providing a consistent and comfortable user experience . It ’ s imperative that organisations put in place a universal and user-friendly solution to enable all their employees to securely access the tools they need to do their jobs , regardless of where that may be .
Security controls need to be transparent and manageable for all users .”
Additional key findings from the IDC InfoBrief , Enabling the Future of Work with EPM , Identity and Access Controls , include :
• Password managers remain a valuable addition for organisations wanting extra layers of protection and user convenience . With deployment at 45 % of respondent organisations , Password Managers are the most widely used Identity and Access Management solutions .
• Organisations looking for budgetfriendly , low-complexity solutions that deliver robust security for the hybrid work environment are leveraging Enterprise Password Management . With 45 % of companies saying that more complex identity solutions such as SSO and MFA are nice to have , they share that they do not currently have the budget or resources for these types of solutions .
• 98 % of respondents said that remote work has impacted their security operations . The top reasons for this include inadequate security on home networks , remote workers being targeted specifically by cybercriminals , employees accessing corporate data / applications on inadequately protected devices , and poor password hygiene .
“ Long gone are the days of workers being tied to their desks and this new environment is bringing even newer security challenges for companies ,” said Katie Petrillo , Director of Product Marketing for LastPass . “ This latest survey explores the future of work and how businesses can expand their security amid rising identity attacks in the industry . As we look to the future of the workplace , employers who embrace deploying a single , user-friendly solution will help ease the employee experience , which is why password managers are fundamental to securing identity and access within an organisation .”
We caught up with Katie Petrillo , Director of Product Marketing for LastPass , to www . intelligentciso . com
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