A recent survey by CyberArk has highlighted significant security challenges faced by Singaporean organisations due to compromised machine identities. The report, which surveyed 150 senior security professionals in Singapore, found that 75% of security leaders reported incidents or breaches linked to compromised machine identities over the past year. These breaches have led to delays in application launches, outages affecting customer experience, and unauthorised access to sensitive data.
The survey underscores the rapid growth of machine identities, which now outnumber human identities significantly. A staggering 91% of Singaporean security leaders anticipate an increase in machine identities within their organisations over the next year, with many predicting growth rates of up to 50% or more.
As artificial intelligence (AI) continues to evolve, 87% of surveyed leaders believe that securing machine identities will be pivotal in safeguarding AI’s future. The rise of AI agents, seen as the next major computing wave, further emphasises the need for robust machine identity security.
Despite the critical nature of these security measures, the report reveals that many organisations’ machine identity security programmes lack maturity. Challenges include the absence of a cohesive strategy, difficulties adapting to shorter machine identity lifecycles, and the risk of adversaries exploiting stolen identities.
Kevin Bocek, SVP of Innovation at CyberArk, stated, “Machine identities of all kinds will continue to skyrocket over the next year, bringing not only greater complexity but also increased risks.” He stressed the urgency for security leaders to develop comprehensive machine identity security strategies to mitigate these risks.
The findings highlight the pressing need for organisations to address machine identity security to prevent future breaches and outages, especially as AI technologies advance.
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