A recent report by Omada highlights the growing importance of identity security among IT leaders, with 95% acknowledging its critical role in cybersecurity. Furthermore, over 86% expressed concern about identity-related risks. Notably, funding for IT security teams has improved, with 90% of respondents reporting better financial support compared to last year. Many organizations are also purchasing cyber liability insurance to mitigate data breach costs. Time-intensive manual processes are a primary driver for investing in Identity Governance and Administration (IGA) solutions, alongside a significant emphasis on AI and automation, particularly Generative AI capabilities.
The recent Omada report reveals that 95% of IT leaders recognize the critical role of identity security within their cybersecurity frameworks, underscoring its significance amidst escalating identity-related threats.
The survey indicates a strong trend towards increased funding for IT security teams, with 90% of respondents noting better financial support compared to the previous year, reflecting rising concerns over cyber threats.
More than half of IT leaders identified time-consuming manual processes as a primary factor driving investment in Identity Governance and Administration solutions, highlighting the need for more efficient systems.
AI, particularly Generative AI, has emerged as a vital consideration for IT security leaders, who prioritize automation and advanced capabilities when selecting IGA solutions.
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