The Identiverse 2022 conference provided an opportunity for companies to assess their security and identity measures after the rapid shift to cloud during the pandemic. Veza conducted a survey at its booth, with 164 Identity, IAM, and IT executives participating. Key findings include:
- Companies are moving to the cloud proactively rather than reactively, with top reasons being data migration (29%) and adoption of multi-cloud approach (27%).
- Risk reduction is the primary business driver for budget allocation in security initiatives.
- 44% of respondents claimed they can view and control permissions to data systems for every identity throughout their organization, with those adopting cloud through migration of data showing higher rates (nearly 45%) than those with more complex multi-cloud migrations (37%).
- The majority of companies review/audit identity permissions quarterly (37%), while only a few audit annually or less. Companies that audit weekly have the highest confidence in their data security policies, with 45% feeling very confident.