The efficient management of identities and access has become central to digital business. It determines the speed and agility with which an organization is able to operate or pursue new goals; it underpins employee productivity and enables operational efficiencies; and it is key to security, privacy, and compliance. Most organizations have deployed identity and access management (IAM) solutions to handle their operational demands effectively.

Ransomware attacks have been one of the most high-profile scourges of business over the past decade — and the threat shows no signs of abating. If anything, it has become more prevalent as “ransomware as a service” has lowered the entry barrier for threat actors. Innovation by cybercriminals keeps security teams on high alert. When governments and security agencies advise organizations not to pay ransom, attackers may switch to extortionware approaches.

Cybersecurity threats continue to increase. According to ENISA’s 2023 Threat Landscape report, there were around 2,580 observed incidents in the EU between July 2022 and June 2023. In the previous reporting period, there were less than 800. ENISA reported that 19% of events targeted public administrations, by far the largest industry.