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1. Ponemon 2019 Cost of a Data Breach Report
On average, employees spend 10.93 hours per year entering/resetting passwords1. Multiply that by employee wages, and you could be looking at MILLIONS of dollars. Federated single sign-on (SSO) and self-service password reset keep employees productive.
For thousands of password reset requests per year, there's an IT admin doing the work. But that task can be easily automated. Self-service password reset lets your IT security team focus on higher-value tasks, like boosting security posture.
When app teams consume IT services, hours are wasted communicating and fulfilling requests. Delegated admin and a central operating portal for identity and access management can empower your business teams with self-service app onboarding and management.
Customizations on legacy IAM tools use IT resources and make upgrades virtually impossible. Adopting an identity platform that is standards-based and already works with any app, any cloud and any directory out-of-the-box lets IT spend more time on high-value projects instead.
You may have a fragile patchwork of siloed IAM systems. If so, it’s a nightmare to manage. When mission-critical systems lack support and are nearing end-of-life, it’s time to rationalize. A workforce authentication authority does it all with less maintenance.
Multi-factor authentication (MFA) reduces password-related data breaches by 99.99%2. But if you’re using legacy MFA tools, employees are interrupted every time they switch tasks. Smart, adaptive authentication only triggers action for high-risk activities.
It adds up—all the hours employees spend struggling to access apps, entering and resetting passwords, and being locked out. Workforce identity solutions give employees time back to get more work done. Meanwhile, IT enjoys reduced helpdesk tickets and increased out-of-box integration and automation.
Total annual value from IAM
- Ponemon 2019 State of Password and Authentication Security Behaviors Report
- Microsoft 2018 security research
The average cost of a data breach in the U.S. is $8.19M and $3.92M globally.1 But yours isn’t an average size business, is it? 52% of data breaches are due to hacking, and 80% of those are due to weak passwords.2 Multi-factor authentication can reduce password risk by 99.9%.3
Data privacy is top of mind. 23% of sensitive data breaches are caused by internal employees,4 so they shouldn’t have access to everything just because they’re on the network. To mitigate risk, enforce least-privileged access and enable Zero Trust security.
IAM and IT security professionals want to focus on projects that boost security. Instead, they may have to work on administrative tasks like password resets and customizing legacy tools. Leveraging self-service, automation, and identity standards lets them stay security-focused.
The average cost of a data breach is $8.19M in the U.S. and $3.92M globally1. Workforce identity solutions reduce your risk of a breach by enabling multi-factor authentication, Zero Trust security posture, ease of management, a smaller attack surface and reduced shadow IT.
Total annual value from IAM
- Ponemon 2019 Cost of a Data Breach Report
- Verizon 2019 Data Breach Investigations Report
- Microsoft Security Intelligence Report, 2018
- Forrester Analytics Global Business Technographics Security Survey, 2019
In the weeks it takes to onboard new employee applications to legacy IAM, you’re missing out on potential value. Speed up application integration and give your workforce one-click access to the latest productivity tools.
Businesses don’t like to wait for IT. To be the champion of digital transformation, you have to enable business agility. Ping’s workforce identity solutions improve time to value for business applications and help your enterprise move faster by leveraging cloud, APIs, rapid integration, DevOps and automation.