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An actual One Identity Software Vendor Survey reveals that corporate investments in fragmented identity tools often fail when protecting against the current threat landscape. Of the more than 1,000 IT security decision makers surveyed worldwide, 96% say they use multiple identity management tools, with 41% using at least 25 different systems to manage access rights. 70% of respondents said they pay for identity management tools they are not actively using.
German companies are also investing heavily in identity management: 90% of organizations surveyed in Germany use Active Directory Management, 64% Access Management (AM), 50% Privileged Access Management (PAM), and at least 30% rely again at Identity-as -a -Service Platforms.
However, only 44% of local respondents actually use all the identity management tools and solutions they have invested in. And about a quarter of respondents admit they don’t use important tools: 26% report that for IAM and PAM solutions, 26% also say that for Active Directory Management Solutions (ADMS), and again 23% for Identity-as-a – service platforms.
German companies see the reasons for this mainly in the lack of interconnectivity of tools, the effort required to maintain and manage the solutions, and problems with the existing infrastructure. This is unable to meet the requirements of the affected tools.
As the results of the study show, this has numerous consequences:
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IT administrators have to spend too much time on administration, especially when it comes to redundancies between individual solutions, say 44%.
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38% fear that lack of coverage increases the risk of security breaches.
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Companies have to spend more than is actually necessary (37%).
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With so many different tools, IT security teams lack the expertise to dig deeper (39%)
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and 44% also have to accept losses in efficiency and productivity.
Reading tips: Cyberark Survey – Insufficient Protection of Digital Identities
Additionally, nearly all companies worldwide (99%) say that inefficient identity management tools cause direct costs to their business. 42% of companies say those inefficiencies cost them more than $100,000 a year.
That’s why 90% of respondents plan to consolidate their security or identity management tools. Of that 90 percent, more than half plan to do so within the next year. More than half (54%) of respondents also believe that a unified identity platform for identity access and management would improve business strategy.
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