There can be no doubt that enterprise access requirements have radically changed in recent years. Workforces are more mobile than ever before, and the COVID-19 pandemic has irrevocably accelerated remote work requirements and related challenges. The IT resources users access are no longer sequestered on secure business networks, but instead are distributed across a wide variety of public and private cloud and web services. Enterprise requirements to move to cloud infrastructures have broken down traditional security approaches. Additionally, digital transformation is driving increased user expectations for higher fidelity and lower friction experiences.
While enterprise access requirements have radically evolved, authentication processes in many organizations have remained stagnant and continue to rely on antiquated, password-based controls. More than 60% of businesses experience a security breach each year, and roughly 40% of these occur due to a compromised user password. Unfortunately, traditional high friction password processes are frequently ineffective because they rely on fallible human memory and habits for creating and recalling numerous, constantly-changing, and complex strings of characters. When users are faced with complex authentication methods, they often bypass security processes in order to perform job tasks more expediently. For instance, one-quarter of breached organizations also identified that they discovered users sharing passwords with their peers. Even organizations that employ strong password management controls are at risk because users commonly utilize the same password for multiple accounts, including unsecured public accounts, such as for social media, public email, and gaming. When these unsecured passwords are compromised, they are often sold on the dark web, enabling hackers to utilize the information to break into more secure business environments. Addressing modern business challenges for identity and access management requires a fundamental and systematic evolution of authentication processes beyond passwords alone.
CyberArk provides organizations with the essential tools they require to automatically transition from basic access to adaptive access without disrupting business operations and budgets.