04/30/2024 | Press release | Distributed by Public on 04/30/2024 07:01
Ping Identity Global Survey Reveals Urgent Need for Advanced Identity Protection in AI Era
Most businesses struggle with identity verification and have concerns over ability to protect against AI
DENVER, April 30, 2024/PRNewswire / -- Ping Identity, a leading provider of seamless and secure digital experiences, released the findings of its new survey, shedding light on the state of identity fraudprevention in today's AI-driven digital world. The report, based on responses from 700 IT decision-makers across the U.S., U.K., France, Germany, Australia, and Singapore, reveals a pressing need for organizations to enhance their identity protection strategies, with most (97%) having challenges with identity verification and nearly half (48%) lacking confidence they have the technology in place to defend against AI-related attacks.
Read the Survey: Fighting The Next Major Digital Threat: AI and Identity FraudProtection Take Priority
"To stand a chance against advancing identity fraudtactics, businesses must leverage more advanced technologies," said Patrick Harding, Chief Architect at Ping Identity. "If less than half of organizations are implementing multi-factor authentication (MFA), they are leaving themselves critically exposed, and less resilient against cybercriminals who are leveraging increasingly sophisticated AI tactics."
"Fraudis on the rise, and it's getting worse with AI. Smart leaders know that they need to level up yet so many organizations don't have the right guardrails in place to mitigate or prevent these kinds of threats. The longer they go without, the more they put themselves in harm's way. Acting against tomorrow's attacks means planning - and getting started - now." - Jamie Smith, DecentralizedIdentity Expert, and founder of Customer Futures.
Organizations admit they are not using proper protections against identity fraud.
Organizations are concerned about their ability to defend against AI threats.
DecentralizedIdentity (DCI) is an untapped opportunity for identity protection.
Additional resources
Survey Methodology
Ping Identity and Vanson Bournesurveyed 700 IT decision-makers between February and March 2024from the U.S., U.K., France, Germany, Australia, and Singapore. These respondents came from organizations with at least 500 employees and U.S. $100 millionin global revenue, and represented a range of sectors.
About Ping Identity
Ping delivers unforgettable user experiences and uncompromising security. We make crafting digital experiences simple for any type of user-partners, customers, employees, and beyond. We are anti-lock-in. That means integration with existing ecosystems, clouds, and on-prem technologies is simple. Out-of-the-box templates let businesses leverage our identity expertise to give their users frictionless experiences. Whether they're building a foundation of modern digital identity, or out-innovating their competitors with cutting-edge services like digital credentials, AI-driven fraudprevention and governance, Ping is the one-stop shop for game-changing digital identity.
Media Contact:
Megan Johnson
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SOURCE Ping Identity