Barry McMahon, Senior International Marketing Manager at LogMeIn, explores the ongoing challenges that organisations are facing with identity access management. As well as this, he considers the impact that new technologies have in resolving the problem.
It is no secret that there has been a steep rise in the number of cybercriminals looking to target businesses. They attempt to obtain personal data and intellectual property. Last year, the ICO issued a record breaking total of monetary penalties – 22 fines totalling over £3million to businesses not protecting this data. While new research from Accenture found that the average number of security breaches in the last year grew by 11 per cent, which is a 67 per cent increase over the last five years.