Most businesses struggle with identity verification and have concerns over ability to protect against AI
Ping Identity’s recent survey, conducted among 700 IT decision-makers across several countries, unveils critical insights into the challenges and strategies surrounding identity fraud prevention in today’s AI-driven digital landscape.
1. The Urgent Need for Enhanced Identity Protection
- 97% of organizations facing challenges with identity verification.
- Concerns over credential compromise and account takeover.
- Inadequate adoption of two-factor/multi-factor identification and biometrics.
2. Growing Concerns Over AI-Related Threats
- 54% express high concern about AI technology increasing identity fraud.
- Confidence levels in detecting deepfakes of CEOs.
- Lack of confidence in defending against AI attacks.
3. Decentralized Identity: An Untapped Opportunity
- Implementation rates and adoption strategies for Decentralized Identity (DCI).
- Varied adoption rates across industries, with manufacturing and government leading.
As identity fraud evolves with AI, organizations must prioritize advanced technologies like multi-factor authentication and Decentralized Identity. Failure to do so leaves them vulnerable to increasingly sophisticated cyber threats.