- Security concerns around password vulnerability (81%) and the threat of large-scale breaches (78%) are driving organisations to implement access management solutions
- Over half of organisations (58%) report that increased use of cloud applications puts them at greater risk of cyber attacks
- IT leaders increasingly securing buy in from boards of directors on security (55%), up from 34%
New insights from the 2020 Thales Access Management Index – Asia Pacific and Japan Edition1 reveal that concerns around the threats of cyberattacks are prompting businesses in the region to take action. Surveying 500 IT decision-makers across the region, the threat of large-scale breaches (78%) and security concerns around password vulnerability (81%) are driving organisations towards increasing their implementation of access management solutions.
Thales will host a webinar, “Access Management and Authentication Trends in the Asia-Pacific Region” on 18 November 2020 to discuss the report in more detail. To join, please visit the registration page.
Whilst organisations across the region increase cloud adoption in the remote working era, many (58%) are still concerned that their increased use may make cloud applications a target for cyber-attacks. With Thales’ 2020 Thales Data Threat Report - Global Edition revealing that organisations use an average of 29 different cloud services, cloud is now an integral part of any business, particularly in today’s climate.
In order to mitigate these potential threats and simplify cloud access management, APAC organisations are taking action with nearly all (92%) planning to expand their use of smart Single Sign-On (SSO). Most respondents view smart SSO as being extremely secure, trusting it to protect sensitive data (57%) and applications (45%). Organisations also understand the benefits of smart SSO adoption, particularly when it comes to preventing breaches of data (47%), and ensuring customers feel their data is secure (44%).
However, fears in the region are likely to still remain with IT leaders citing concerns over inconsistent security protections across cloud (57%), a lack of strong cyber-security solutions to implement appropriate protection (56%), and a lack of in-house skills to secure cloud applications (53%). What’s more, organisations have flagged that ineffective cloud access management can lead to cloud applications becoming a security issue (50%).
Rana Gupta, APAC Regional Vice President for Data Protection solutions at Thales said: “The need for Access Management has never been greater as organisations adapt to support their employees, customers and partners during these unprecedented times. Secure remote access for employees working outside the office is paramount for enterprises operating amid increasing complexity and scale. Cybersecurity must be a boardroom discussion and the current landscape provides IT leaders with an opportunity to rapidly progress their digital transformation plans and robust cloud adoption with the necessary protections in place.”
Cyber breaches are now a board level issue
As businesses react to the changing situation and increasingly see the need for a security-first approach, IT leaders across the APAC region are finding it easier to sell the need for IT security to their boards of directors, with over half (55%) reporting that it is now easy (up from 34% looking at 12 months ago). As businesses continue to work out how to give remote employees the tools to work efficiently wherever they are, while keeping the company safe, access management looks set to form an increasingly integral role in the future. Nearly all respondents (99%) stated that controlling who has access to specific types of data can contribute towards compliance.
Positively, more organisations in the region have revealed their staff are also now trained in security and access management (53%) than two years ago (49%). What’s more, businesses have also revealed an increase in spending (47% from 45%) on access management and nearly half now have a dedicated CISO (47%), up from 41%. However, three quarters of respondent businesses (75%) plan to increase their use of usernames and passwords, despite inherent weaknesses caused by issues like Shadow IT, showing there’s still work to be done.
Rana continued: “As businesses figure out a way to keep themselves running in this pandemic world, the circumstances forcing many to work from home are inherently increasing the security risks at the same time due to the threats related hijacking of credentials as the cyber-attacks continue to expand. These security concerns are justified as users get to access their systems in huge numbers from their respective remote locations, as well as the increasing adaption of various cloud platforms. Investing in smart access management tools that allow for stepped up secured authentication through a choice of multi-factor authenticators besides enforcing access policies, is the need for the hour. Expanding the use of flawed systems, such as passwords, is only going to lead to much bigger problems.”
1The 2020 Access Management Index, is a survey of 500 executives in 5 countries in APAC with responsibility for, or influence over, IT and data security. The survey, reporting and analysis was conducted by Vanson Bourne, commissioned by Thales.