Security Plays A Decisive Role In Digital Transformation

The EU is making more than 700 billion euros available to member states in the form of loans and financial aid in view of the economic and social impact of the Corona pandemic. Funding is to be provided primarily for measures in the areas of climate neutrality and digital transformation. These are the key findings of a study by CyberArk. For the “Identity Security Threat Landscape” study, CyberArk had investigated the segments in which companies want to invest in digital transformation.

Companies are responding to rising security threats. They see major dangers in the unknown and unmanaged identities that are present in ever greater numbers. For 34 percent, employees’ end devices – be they desktop PCs, notebooks or mobile devices – pose the greatest security risk. Finally, increasing digitization is leading to a higher number of interactions between people, applications and processes – and thus also to more digital identities.

Companies do not see themselves as sufficiently equipped

The clear majority of respondents view the threat situation as critical. Almost two-thirds believe that they cannot reliably prevent hackers from accessing important company systems and data. And just as many consider their own company to be inadequately equipped against targeted attacks, such as phishing e-mails.

The zero-trust strategy plays a prominent role among the security measures that companies want to take. This primarily involves the use of identity security tools that identify and validate users before they connect to the network. In addition, application and workload security solutions are also a high priority. This applies to all workloads associated with applications, digital processes or the use of public cloud resources.

About the study
For the study, market research firm Vanson Bourne surveyed on behalf of CyberArk 1,750 IT security decision makers in Germany, France, the UK, Italy, Spain, Australia, Brazil, Mexico, Israel, Japan, Singapore and the US.