Ping Identity Finds Securing the Work from Home Economy Requires Greater Investment in Zero Trust & Identity Security

Rhea-AI Summary

The pandemic has accelerated the need for businesses to invest in identity and access management and Zero Trust security, according to a new survey by Ping Identity (NYSE: PING). The survey of over 1,300 executives reveals that 69% plan to boost investments in identity access management in the next year. Additionally, 82% of respondents are implementing Zero Trust principles. The shift to remote work has intensified the focus on security, with 60% increasing identity-related investments like Multi-Factor Authentication.

Positive

• 69% of executives expect to increase investment in identity access management capabilities within the next year.
• 82% of executives are deploying or enhancing Zero Trust principles.
• 60% reported increased investments in identity-related technologies due to remote work shifts.

Negative

• 50% of executives reported a significant increase in failed login attempts.

The pandemic-driven shift to remote work has significantly changed how companies are investing in identity and access management capabilities and Zero Trust security, according to a new survey from Ping Identity (NYSE: PING), the Intelligent Identity solution for the enterprise.

The Ping Identity Executive Survey: Growth in Remote Work Fuels Zero Trust Investment asked more than 1,300 senior executives across the U.S., U.K., Germany, France and Australia about how the pandemic has impacted their IT resources and strategies. The survey found that a large number of companies will continue to have a majority of their workforce working remotely, prompting an increase in IT and information security investments in the form of staff and technology.

Along with increased IT investments, companies are also consolidating and rationalizing their workforce identity procedures. Combined, they expect these efforts will address issues of security and compliance as well as employee productivity to deliver a superior experience regardless of where work is being done.

“Business leaders have been faced with an urgent need to invest more in identity security capabilities to effectively secure employees and customers in a dispersed work environment,” said Andre Durand, CEO and founder of Ping Identity. “As this digital transformation acceleration continues, identity and zero trust need to be central in all major business decisions to deliver the level of customer experience expected by modern employees and customers.”

Read the Ping Identity Executive Survey: Growth in Remote Work Fuels Zero Trust Investment

Key Global Findings:

Increased Spend on Identity Management

• 85% of executives agree that identity security is critical to their overall user experience.

• 69% expect to increase investment in identity access management (IAM) capabilities for their workforce in the next 12 months – ranging from a high of 79% in the U.S. to a low of 63% in the U.K.

• 64% estimate that over one half of their workforce is currently using multi-factor authentication (MFA) as a result of the pandemic, yet only one third (38%) made the same claim before the pandemic.

• 60% increased identity related investments like IAM, MFA, and single sign-on (SSO), due to the shift to remote work.

• 55% invested in new identity security capabilities as a result of the pandemic.

Majority Adoption of Zero Trust

• 82% of executives have deployed, are actively deploying or enhancing, or have already established mature Zero Trust principles.

• 71% believe their investment in Zero Trust will increase over the next 12 months.

• 37% increased the size of their IT team to support the shift to remote work. The dramatic jump in remote work also prompted execs to elevate IT as a strategic priority.

IT Support for Long Term Remote Work

• 70% said the responsibility of security is either the full or majority burden of IT teams.

• 50% of executives said that failed login attempts were up by more than 25 percent.

• 47% expect 25% or more of their staff to spend at least three days out of office in 2022.

Additional Resources:

• Zero Trust: Thinking Outside the Perimeter

• Blog: Remote Work Fuels Zero Trust Investment

About Ping Identity

Ping Identity is the Intelligent Identity solution for the enterprise. We enable companies to achieve Zero Trust identity-defined security and more personalized, streamlined user experiences. The Ping Intelligent Identity™ platform provides customers, workforce, and partners with access to cloud, mobile, SaaS and on-premises applications across the hybrid enterprise. Over half of the Fortune 100 choose us for our identity expertise, open standards, and partnerships with companies including Microsoft and Amazon. We provide flexible identity solutions that accelerate digital business initiatives, delight customers, and secure the enterprise through multi-factor authentication, single sign-on, access management, intelligent API security, directory, and data governance capabilities. For more information, please visit www.pingidentity.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210323005801/en/

FAQ

What did the Ping Identity survey reveal about identity management investments?

The survey found that 69% of executives plan to increase investments in identity access management capabilities in the next 12 months.

How many executives are adopting Zero Trust security principles according to Ping Identity?

82% of executives reported that they have deployed, are deploying, or have mature Zero Trust principles.

What impact did remote work have on identity security according to the Ping Identity survey?

The shift to remote work prompted 60% of companies to increase their investments in identity-related technologies.

What percentage of executives expect their IT team's size to increase due to remote work?

37% of executives increased the size of their IT teams to support the shift to remote work.

What issues related to security were highlighted in the Ping Identity survey?

50% of executives noted that failed login attempts had increased by more than 25%.