CyberArk Report: 93% of Indian Organizations Faced Multiple Identity-Related Breaches in the Past Year

– Machine identities drive identity growth: Machine identities are the primary driver of identity growth.
– Sensitive access: 46% of organizations classify all human and machine identities with sensitive access as privileged users.
– Deepfake detection confidence: 84% of security professionals in India are confident that employees can identify deepfakes of their organizational leadership.

Hyderabad, India – May 20, 2024 – CyberArk (NASDAQ: CYBR), an identity security company, has released a global research report highlighting the impact of siloed security approaches on human and machine identities. The CyberArk 2024 Identity Security Threat Landscape Report reveals the growing prevalence of identity-based attacks and the role of AI in both cyber defenses and attacks.

Key Findings:
– Identity-related breaches: 93% of Indian organizations experienced two or more identity-related breaches in the past year.
– Risks of machine identities: Machine identities, driven by multi-cloud strategies and AI programs, are considered the riskiest identity type.
– Privileged users: 46% of organizations classify all human and machine identities with sensitive access as privileged users.
– Cloud service providers: 83% of organizations will use three or more Cloud Service Providers (CSPs) in the next 12 months.

AI in cybersecurity:
– Adoption of AI tools: 99% of organizations are using AI-powered tools in their cybersecurity defenses.
– AI-driven risks: 93% of respondents anticipate AI-powered tools will create cyber risks in the coming year.
– Deepfake detection confidence: 84% of security professionals believe employees can identify deepfakes targeting their organization.
– Phishing attacks: 88% of organizations have suffered identity-related breaches due to phishing or vishing attacks.

Statements from CyberArk:
– Rohan Vaidya, Area Vice President, India & SAARC: “The rapid proliferation of machine identities poses a significant security challenge. The CyberArk report underscores the urgent need to address the gap between human and machine identity security.”
– Matt Cohen, CEO, CyberArk: “The report demonstrates the ineffectiveness of legacy solutions in addressing identity breaches. A paradigm shift towards a cybersecurity model centered on identity security is essential.”

The report emphasizes the importance of integrated identity security controls to protect against the increasing threat of identity-centric breaches in a digitally advanced world.