Stolen Identities Remains Top Cybersecurity Threat in ForgeRock Identity Breach Report
26 Juni 2023 - 1:50PM
Business Wire
- Fraud Caused by AI-Based Attacks and Stolen Identities Are on
the Rise.
- One Compromised Identity Puts an Entire Organization at
Risk.
ForgeRock® (NYSE: FORG), a global digital identity leader, today
announced findings from its 2023 ForgeRock Identity Breach Report,
which revealed that stolen identities continue to cause massive
breaches, exposing 1.5 billion user records and costing businesses
an average of $9.4 million per breach in 2022.
As more identities are stolen each year, AI-driven fraud attacks
are creating a larger threat landscape for consumers and
enterprises alike. Through the use of new technologies like
generative AI, tactics such as phishing emails, malicious code and
voice or video-based impersonation, otherwise known as “deep
fakes,” are becoming more common and difficult to detect.
The ForgeRock 2023 Identity Breach Report underscores that
attackers continue to target credentials and use them as a stepping
stone to infiltrate an organization across industries and
geographies - and AI is making it more difficult for the average
human to identify threats.
The compromise of one single authorized identity of an employee
inside an enterprise or of a service provider to the enterprise can
cause a serious breach or ransomware attack affecting millions of
consumers. Organizations need to adopt holistic digital identity
and access management solutions that strengthen security, without
jeopardizing the user experience, across all functions.
Other key findings from this year’s report include:
- Unauthorized access is the leading cause of breaches for the
fifth consecutive year.
- 52% of all reported breaches came through third-party partners
and suppliers.
- Healthcare remains a top target with attacks increasing by 50%
compared to 2021.
- Social Security Number and date of birth information were
exposed in 72% of breaches.
- Attacks within the financial services sector decreased by 29%,
but nearly half of those attacks affected the insurance
industry.
To combat the common types of breaches noted in the 2023
ForgeRock Identity Breach Report, organizations should instill best
practices like adopting a Zero Trust framework to verify access
requests, implementing passwordless authentication to stop
password-based attacks, and leveraging AI-driven IAM tools to
manage the volume and velocity of cyberattacks.
“The most secure organizations will be those that combine the
use of technologies like AI with a well designed approach to
security operations and usability,” said Eve Maler, CTO at
ForgeRock.
In addition to U.S. data breaches, the ForgeRock Identity Breach
Report also highlights attacks in other regions, including the
United Kingdom, Germany, Australia, and Singapore.
To download the 2023 ForgeRock Identity Breach Report, please
visit www.forgerock.com.
Methodology
ForgeRock compiled the Consumer Identity Breach Report from data
breaches in the U.S., United Kingdom, Germany, Australia, and
Singapore. The data was gathered from several sources including the
Identity Theft Resource Center, which collects information about
publicly reported data breaches from a variety of sources,
Forrester Research, the Ponemon Institute, among others. The report
focuses on confirmed breaches in which confidential data has been
exposed and/or stolen; breaches that occurred as a result of third
parties were researched to determine the root causes. ForgeRock
collected this data between January 1, 2022, and December 31,
2022.
About ForgeRock
ForgeRock® (NYSE: FORG) is a global digital identity leader
helping people simply and safely access the connected world. The
ForgeRock Identity Platform delivers enterprise-grade identity
solutions at scale for customers, employees, and connected devices.
More than 1,300 organizations depend on ForgeRock’s comprehensive
platform to manage and secure identities with identity
orchestration, dynamic access controls, governance, and APIs in any
cloud or hybrid environment. For more information, visit
www.forgerock.com or follow ForgeRock on social media: Facebook
ForgeRock | Twitter @ForgeRock | LinkedIn ForgeRock.
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version on businesswire.com: https://www.businesswire.com/news/home/20230620758790/en/
Media Contacts: Amanda Barry, ForgeRock
Amanda.Barry@forgerock.com
Jessica Bettencourt, Inkhouse forgerock@inkhouse.com
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