Data theft, data protection and the leakage of passwords or secrets are the top two cloud security concerns for 2,400 cybersecurity experts, according to the recently released CyberArk 2024 Identity Security Threat Landscape Report. In an ever-brewing digital ecosystem of multi-cloud environments, countless on-prem and SaaS applications – and third-party and fourth-party providers, 94% of organizations report having faced at least one identity-related breach in the last 12 months.

In this episode of Trust Issues, we dive into the complex and rapidly evolving world of cyber insurance. We discuss the challenges and opportunities facing companies seeking to protect themselves from the ever-present threat of cyberattacks.

Today, we’re announcing new capabilities of CrowdStrike Falcon Identity Protection to further strengthen our industry-leading identity threat detection and response (ITDR) technology and help customers secure their cloud-based identity environments from cyberattacks.

Imagine this: a sales representative at your company needs to update customer information in your CRM system. She enters her login credentials, but the system rejects them. After a frustrating series of password resets and calls to IT, she finally gains access. But her ordeal isn't over yet. She still needs to log into several other applications: the marketing automation platform, the customer support portal and the internal communication tool – each with its own unique username and password.

As we navigate through 2024, banking fraud continues to evolve, presenting new challenges for financial institutions. Driven by advancements in technology and changing economic conditions, these threats require banks to stay vigilant and adopt robust strategies to protect themselves and their customers.

In the rapidly changing cybersecurity landscape, Identity and Access Management (IAM) is a critical pillar, safeguarding organizational data and access across different enterprise systems and platforms. As the head of CyberArk’s Artificial Intelligence Center of Excellence (AI CoE), I’m witnessing firsthand the transformative impact of artificial intelligence (AI) in this domain.

When consumers get online, they enter a vast environment of potential threats. These threats may be after money, information, or network access, and cybersecurity defenses work to prevent these valuables from falling into criminals’ hands.

IAM is used to identify and manage user identities digitally across the whole company, while PAM only focuses on privileged access to sensitive systems.