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While there are few organizations that would deny the importance of cybersecurity, many security leaders are struggling to get the buy-in they need from business leaders to enhance their company’s security posture.
Research released by privileged access management (PAM) provider Delinea today surveyed 2,100 IT decision makers, and found that 75% of IT and security professionals believe they’ll fall short of protecting privileged identities because they don’t get the support they need.
Going further, 63% said that their company’s board still doesn’t fully understand identity security and the role it plays in enabling better business operations.
For enterprises, this highlights that there is a fundamental disconnect between security leaders and board members, and the level of importance they assign to cybersecurity compared to other long-term business goals.
The need for security alignment and identity protection
Making the mistake of overlooking security as a strategic priority can be a costly decision, with the average cost of a data breach totalling $4.24 million.
With lack of buy-in from business executives, it’s unsurprising that 84% of organizations in Delinea’s study reported that they have experienced an identity-related breach or attack using stolen credentials during the previous year and a half.
However, even organizations that do prioritize security as a business objective still need to come to grips with protecting privileged identities.
“The security gap is continuing to get larger. While many organizations are on the right path to securing and reducing cyberrisks to the business, the challeng …