The Real Costs of Mismanaging Digital Identities & Cryptographic Keys
As the demand for digital security grows and budgets begin to align, many companies have overlooked the critical importance of effective management of digital identities. As the first study of its kind, the Keyfactor-Ponemon Institute 2019 Report, "The Impact of Unsecured Digital Identities," quantifies the breadth, scope and impact of what happens when public key infrastructure (PKI) and certificate management policies and processes are not at their best.
Think of your organization as an entity with identities. These identities are made up of people, applications and devices. To create a secure environment, every identity within the organization must be covered by layers of digital security.
Working with the Ponemon Institute, a leading cybersecurity research firm, Keyfactor set out to understand the challenges organizations face with PKI deployment, and quantify the real costs to businesses in managing – or mismanaging – digital identities and cryptographic keys. Gathering input from nearly 600 respondents, the report highlights concerns from every industry that insufficient and ineffective digital identity management is putting organizations at significant risk.
What the report uncovered is that lack of visibility, certificate mismanagement, and reduced budgets leave businesses open to both security and financial risks. Lack of qualified staff and/or expertise, deficient process management, along with compliance failures, all pave the way for ineffective digital security that may be impacting your organization’s bottom line.